Question: 1 6 . John Jones needs ( $ 9 9 , 0 0 0 ) at the end of 8 years, and
John Jones needs $ at the end of years, and his only investment outlet is an percent longterm certificate of deposit compounded annually With the certificate of deposit, he made an initial investment at the beginning of the first year. How much does John need to deposit to get the $ at the end of years. a What amount could John pay at the end of each year annually for years to achieve this same objective?
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