You would like to have $75,000 in 15 years. To accumulate thisamount,

| November 9, 2018

You would like to have $75,000 in 15 years. To accumulate thisamount, you plan to deposit each year an equal sum in the bank,which will earn 8 % interest compound annually. Your first paymentwill be made at the end of the year.a. How much must you deposit annually to accumulate thisamountb.

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