What annual deposit is necessary to have $10,000 in 9 years if all the money is deposited at 1.5% interest compounded annually? (a) State the type. O ordinary annuity O present value of an annuity O...

What annual deposit is necessary to have $10,000 in 9 years if all the money is deposited at 1.5% interest compounded annually?<br>(a) State the type.<br>O ordinary annuity<br>O present value of an annuity<br>O sinking fund<br>O present value<br>O amortization<br>(b) Answer the question. (Round your answer to the nearest cent.)<br>$<br>

Extracted text: What annual deposit is necessary to have $10,000 in 9 years if all the money is deposited at 1.5% interest compounded annually? (a) State the type. O ordinary annuity O present value of an annuity O sinking fund O present value O amortization (b) Answer the question. (Round your answer to the nearest cent.) $

Jun 11, 2022

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What annual deposit is necessary to have $10,000 in 9 years if all the money is deposited at 1.5% interest compounded annually? (a) State the type. O ordinary annuity O present value of an annuity O...

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