State the type and answer the question. What annual deposit is necessary to have $15,000 in 6 years if all the money is deposited at 9% interest compounded annually?

Please round the answer to the nearest cent.

The type is __________ (present value, future value, sinking fund); annual deposit equals $__________.

Question

State the type and answer the question. What annual deposit is necessary to have $15,000 in 6 years if all the money is deposited at 9% interest compounded annually?
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Please round the answer to the nearest cent.
​
The type is __________ (present value, future value, sinking fund); annual deposit equals $__________.

Quizplus · Accepted Answer

The Answer of State the type and answer the question. What annual deposit is necessary to have $15,000 in 6 years if all the money is deposited at 9% interest compounded annually?
​
Please round the answer to the nearest cent.
​
The type is __________ (present value, future value, sinking fund); annual deposit equals $__________.

State the Type and Answer the Question