Maria has set a goal to save $10 000 in a savings account that earns 2.4% compounded

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Maria has set a goal to save $10 000 in a savings account that earns 2.4% compounded annually. How much must she deposit each year for five years if the deposits are made at the end of each year?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 03:57 AM

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Maria has set a goal to save $10 000 in a savings account that earns 2.4% compounded

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REGULAR ANNUITY This is a problem of regular annuity as the deposits are made at the end o...View the full answer

Contemporary Business Mathematics with Canadian Applications

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