Calculating Annuity Values you want to have $80,000 in your savings account 10 years from now, and

Question:

Calculating Annuity Values you want to have $80,000 in your savings account 10 years from now, and you’re prepared to make equal annual deposits into the account at the end of each year, if the account pays 6.5 percent interest, what amount must you deposit each year?

Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...