Business, 11.09.2019 04:30 hgcmj

You need to accumulate $10,000. to do so, you plan to make deposits of $1,250 per year, with the first payment being made a year from today, in a bank account that pays 12 percent interest, compounded annually. your last deposit will be less than $1,250 if less is needed to round out to $10,000. how many years will it take you to reach your $10,000 goal, and how large will the last deposit be?

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You need to accumulate $10,000. to do so, you plan to make deposits of $1,250 per year, with the fir...

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