Mathematics, 05.12.2020 03:40, sanafarghal

Suppose you want to buy a small cabin in the mountains four years from now. You estimate that the property will cost $53,500 at that time. How much money do you need to invest each year in an interest-bearing account at the rate of 6% per year to accumulate the purchase price? (Round your answer to the nearest whole dollar.) The investment required each year is

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Suppose you want to buy a small cabin in the mountains four years from now. You estimate that the pr...