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URGENT PLEASE ANSWER Find how much you need to deposit each year to have $20,000 in 5 years at 5%.
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5 votes
URGENT PLEASE ANSWER Find how much you need to deposit each year to have $20,000 in 5 years at 5%.

User Bvanderw
by
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2 Answers

7 votes
20000divided by 5yrs the subtract 5% = $3800 a year
User Christopher Swasey
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6.9k points
5 votes
The answer is $3800 a year.
User Flores
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7.6k points
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