Question: You need to accumulate $ 1 0 , 0 0 0 . To do so , you plan to make deposits of $ 1 ,
You need to accumulate $ To do so you plan to make deposits of $ per year with the first payment being made a year from today into a bank account that pays annual interest. Your last deposit will be less than $ if less is needed to round out to $ How many years will it take you to reach your $ goal? Do not round intermediate calculations. Round your answer up to the nearest whole number.
years
How large will the last deposit be Do not round intermediate calculations. Round your answer to the nearest cent.
$
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