Question: Question 9 (7 points) Saved Six years from today you need $10,000. You plan to deposit $1,500 annually, with the first payment to be made

Question 9 (7 points) Saved Six years from today you need

Question 9 (7 points) Saved Six years from today you need $10,000. You plan to deposit $1,500 annually, with the first payment to be made a year from today, in an account that pays an 5.0% effective annual rate. Your last deposit, which will occur at the end of Year 6, will be for less than $1,500 if less is needed to reach $10,000. How large will your last payment be? Answer with 2 decimals (ex. $1,000.00). VOLA

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