Mathematics, 24.04.2020 15:43, Lorettareneemills

Problem 4-26 Reaching a Financial Goal You need to accumulate $10,000. To do so, you plan to make deposits of $2,000 per year - with the first payment being made a year from today - into a bank account that pays 6.13% annual interest. Your last deposit will be less than $2,000 if less is needed to round out to $10,000. How many years will it take you to reach your $10,000 goal? Round your answer up to the nearest whole number. 5 year(s) How large will the last deposit be? Round your answer to the nearest cent. $

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Problem 4-26 Reaching a Financial Goal You need to accumulate $10,000. To do so, you plan to make de...