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(Annuity payments) Lisa Simpson wants to have $1,700,000 in 40 years by making equal annual end-of-the year deposits into tax-deferred account paying 9.00 percent annually. What must Lisa’s annual deposit be? The amount of Lisa’s annual deposit must be $_____ (round to nearest cent)

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(Annuity payments) Lisa Simpson wants to have $1,700,000 in 40 years by making equal annual end-of-the year deposits into tax-deferred account paying 9.00 percent annually. What must Lisa’s annual deposit be?

The amount of Lisa’s annual deposit must be $_____ (round to nearest cent)

 
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