Question: View Policies Current Attempt in Progress Donna is 40 years old today and she wishes to accumulate $2.240.000 by her sixty-fifth birthday so she can

View Policies

Current Attempt in Progress

Donna is 40 years old today and she wishes to accumulate $2.240.000 by her sixty-fifth birthday so she can retire to a beach in Florida.

She wishes to accumulate this amount by making equal deposits on her fortieth through her sixty-fourth birthdays.

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Compute the annual deposit Donna must make if the fund will earn 6% interest compounded annually. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

Annual deposit

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