Asked by Tamanna

Solution needed .
You need to have $50000 at the end of 10 years .To accumulate this sum, you have decided to save a certain amount at the end of each of the next 10 years and deposits it in the bank. the bank pays 8 percent interest compounded annually for long-term deposits. how much will you have to save each year (to the nearest dollar)?
Answered by Steve
just plug your numbers into the formula for the present value of an annuity. I'm sure you have one. If not, google does.
Answered by Anonymous
You need to have $50000 at the end of 10 years .To accumulate this sum, you have decided to save a certain amount at the end of each of the next 10 years and deposits it in the bank. the bank pays 8 percent interest compounded annually for long-term deposits. how much will you have to save each year
Answered by Khan
Answer
Answered by Klio
Potangnang accumulate yan
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