Question: content area top Part 1 (Calculating annuity payments) You plan to buy some property in Hawaii 10 years from today. To do this, you estimate
content area top Part 1 (Calculating annuity payments) You plan to buy some property in Hawaii 10 years from today. To do this, you estimate that you will need $29 comma 000 at that time. You would like to accumulate these funds by making equal annual deposits into your savings account, which pays 11 percent annually. If you make your first deposit at the end of this year, and you would like your account to reach $29 comma 000 when the final deposit is made, how much will you have to deposit into the account annually? Question content area bottom Part 1 The amount of money you will have to deposit into the account annually is $ enter your response here. (Round to the nearest cent.)
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