What annual deposit stacy make if fund will earn interest, Financial Accounting

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What annual deposit stacy make if fund will earn interest

Problem

Stacy is 29 years old today and she wishes to accumulate $2,487,000 by her 64 th birthday so she can retire to a ski lodge in Colorado. She wishes to accumulate this amount by making equal deposits on her 29th through her 63th birthdays. What annual deposit must Stacy make if the fund will earn 6% interest compounded annually?

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Financial Accounting: What annual deposit stacy make if fund will earn interest

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