Use Tables 12-1 and 12-2 from your text to answer the following problems. (Round dollars to the nearest cent)
-Refer to Narrative in your text 12-1. Mary wants to have an annuity payment of $400, at the END of each year. How much should she deposit now at 9% interest, compounded annually, to yield this payment for 16 years?

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The Answer of Use Tables 12-1 and 12-2 from your text to answer the following problems. (Round dollars to the nearest cent)
-Refer to Narrative in your text 12-1. Mary wants to have an annuity payment of $400, at the END of each year. How much should she deposit now at 9% interest, compounded annually, to yield this payment for 16 years?

Use Tables 12-1 and 12-2 from Your Text to Answer