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View Full Version : What is my deposit goning to be?


kimber1922
Oct 11, 2009, 10:35 AM
What will my deposit need to be if I have to pay $11,000 a year, for 10 years. My interest rate is 5%. And I can not have any money left in the account after the last payment is made.

Fr_Chuck
Oct 11, 2009, 02:44 PM
Wonderful homework question, we don't answer them here, but tell us what your thoughts are and we can give you advice