Question: Please with full steps using a financial calculater Exercise #7-8: You deposit $20,000 in the account now and you add an equal amount $X each

Please with full steps using a financial calculater

Exercise #7-8: You deposit $20,000 in the account now and you add an equal amount $X each year for the next 30 years. In 30 years, there are $675,000 in your account. r-6%. How much did you add at the end of each year over the 30 years? Timeline: I Steps: FV of $20,000 30 years from now .. Subtract the computed FV from $675,000. The difference is the FV that the payments have to accrue to. Solve for PMT.... that produces that new FV

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