Question: Calculations and the equations used to solve this question will be best thank you! You want to accumulate at least 20,000 in an account earning

Calculations and the equations used to solve this question will be

Calculations and the equations used to solve this question will be best thank you!

You want to accumulate at least 20,000 in an account earning a 5% annual effective rate. You will make a level deposit of 1,000 at the beginning of each year for n years. What is the value of n? What is the account balance after n years

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