Question: You need to accumulate $ 1 1 , 7 7 0 . To do so , you plan to make deposits of $ 9 3

You need to accumulate $11,770. To do so, you plan to make deposits of $935 per year, with the first payment being made a year from today, in a bank account which pays 5.00% "annual interest. Approximately how long will it take you to reach your goal? If needed, you can access the interest tables here.
15 years
10 years
20 years
18 years
You need to accumulate $11,770. To do so, you plan to

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