You deposit $100 each year for 5 years, and increase you deposit by $10 each year ( year 1=$100, Year 2=$110, Year 3= $120, Year 4=$130, Year 5=$140 in an account that earns 4% interest. Which value below is closest to what you would have to deposit each year to be the same as the cashflow above (choose the closed amount)?

Answer rating: 100% (QA)

To calculate the equivalent annual deposit to achieve the same cash flow as the increasi... View the full answer