Deposits of $725 are made into an account earning j₄ = 10% in order to accumulate to $21,500.It turns out that 22 deposits are needed,plus a bit more.If the final deposit is a drop payment made 3 months after the last regular deposit,what is the size of this final deposit? A)$588.79 B)$574.43 C)$51.29 D)$0

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The Answer of Deposits of $725 are made into an account earning j₄ = 10% in order to accumulate to $21,500.It turns out that 22 deposits are needed,plus a bit more.If the final deposit is a drop payment made 3 months after the last regular deposit,what is the size of this final deposit? A)$588.79 B)$574.43 C)$51.29 D)$0

Deposits of $725 Are Made into an Account Earning J4

Deposits of $725 Are Made into an Account Earning J₄