State the Type and Answer the Question

question 27

Short Answer

State the type and answer the question. What annual deposit is necessary to have $15,000 in 6 years if all the money is deposited at 9% interest compounded annually?
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Please round the answer to the nearest cent.
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The type is __________ (present value, future value, sinking fund); annual deposit equals $__________.

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Definitions:

Transparent

An object or color's ability to pass light, making it possible to see through it or to see text, images, or objects behind it.

Darker

An option in software applications to increase the contrast or intensity of a color, making it closer to black.

Specified Number

A number that has been clearly identified or defined within a certain context, often used to denote a particular quantity, version, or identifier.