Sue wants to save 1,000,000 in 20 years. She estimates she can earn 8.5% on savings. She intends to make deposits at the beginning of every year in a series of equal payments starting today. How much does she need to save each year to reach her goal?

Answer rating: 100% (QA)

To calculate how much Sue needs to save each year to reach her goal of 1000... View the full answer