Question: Please show all steps to solve this question. Thanks! You want to have $85,000 saved on your bank account 11 years from now. You want

Please show all steps to solve this question. Thanks! You want to

Please show all steps to solve this question. Thanks!

You want to have $85,000 saved on your bank account 11 years from now. You want to deposit the same amount every year, starting next year, and you can earn 5.5% per year on your savings. a. What would be your annual deposit? b. Say that you make the first deposit today and the last one in 10 years, what would be your annual deposit? You want to have $85,000 saved on your bank account 11 years from now. You want to deposit the same amount every year, starting next year, and you can earn 5.5% per year on your savings. a. What would be your annual deposit? b. Say that you make the first deposit today and the last one in 10 years, what would be your annual deposit

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