Homework: Assignment 4 Question 5, B6-11 (book/static) HW Score: 0%, D of 100 points O Points: 0 of 10 O Save (Annuity payments) The Knutson Corporation needs to save $15 million to retire ain) $15 million mortgage that matures in 10 years. To retire this mortgage, the company plans to put a fixed arounit into an account at the end of each year for 10 years. The Knutson Corporation expects to eam 10 percent annually on the money in this account. What equal annual contribution must the firm make to this account to accumulate the S15 million by the end of 10 years? The equal annual contribution the firm must make to this account is S. (Round to the nearest cent.) View an example Etext pages Get more help Clear all Check