One of your goals is to start a business. You have estimated that this investment would be $ 80,000 and it would be7 years from now; How much do you need to deposit at the beginning of each year in the next 5 years toaccumulate the $ 80,000 if you can earn 8% per annum compounded quarterly on yourdeposits?

Answer rating: 100% (QA)

To calculate the annual deposit required to accumulate 80000 in 7 years w... View the full answer