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    kimber1922's Avatar
    kimber1922 Posts: 1, Reputation: 1
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    #1

    Oct 11, 2009, 10:35 AM
    What is my deposit goning to be?
    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's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    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
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