{Future value of an ordinary annuity)

&{Related to Checkpoint 6.1} [Annuity payments) Lisa Simpson wants to have $1,000,000 in 45 years by making equal annual endrofrtheiyear deposits into a
taxadeferred account paying 10.50 percent annually. What must Lisa’s annual deposit be? The amount of Lisa’s annual deposit must be 5% _ (Round to the nearest cent.)

 
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"