A family is aiming to save 21000 by the end of 2028. At the end of 2022 they had 14000 on their savings account. How much should they save annually, at the end of each year from 2022 to 2027 to reach their goal? The interest rate of the account is 2.4% and the source tax rate is 30%. Give your answer with two decimals

Answer rating: 100% (QA)

To determine how much the family should save annually to reach their goal we can use the formula for ... View the full answer