Question: 1 4 2 points To help you reach a $ 2 5 , 0 0 0 goal 1 0 years from now, your aunt offers

14
2 points
To help you reach a $25,000 goal 10 years from now, your aunt offers to give you $2,000 now. You plan to get a part-time job and make 10 additional deposits, one at the end of
each year. (The first deposit is made at the end of the first year.) If all your money is deposited in a bank that pays 6% interest, how large must your annual deposit be? Please
round your answer to the nearest cent and omit the dollar sign (nnumbers only).
Type your answer.
 14 2 points To help you reach a $25,000 goal 10

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