Betty wants to accumulate $1 million by the end of 20 years by making equal annual year-end deposits over the next 20 years.Assuming Betty can earn 10 percent over this period,how much must she deposit at the end of each year?
A)$18 560
B)$22 480
C)$27 760
D)$17 460

Question

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The Answer of Betty wants to accumulate $1 million by the end of 20 years by making equal annual year-end deposits over the next 20 years.Assuming Betty can earn 10 percent over this period,how much must she deposit at the end of each year?
A)$18 560
B)$22 480
C)$27 760
D)$17 460

Betty Wants to Accumulate $1 Million by the End of 20