Answer Happy

Competensive problemi you would like to have 358600 in 12 years to accumulate this amount, you plan to deposit an equat sum in the bank each you that will eam 9 percent interest compounded antudy Your first pay be made at the end of the year How much you deposit way to accumulate the amount b. you decide to make a lump o deposit today instead of the annual deponin, how large should thisumum deposit be? Assume you can earn pont on this depost) L. Al the end of free year, you will receive 520 000 and deposits in the bank toward your goal of 559.000 at the end of year 12. In addition to the lump sum deposit how much must you deposit in qual annual am gigi yer to ach your goal? Against you can cam 5 percent on your deposits) How much that you may to accumulate this amount tot