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How Much Money Must You Pay into an Account at the Beginning

question 87

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How much money must you pay into an account at the beginning of each of 20 years in order to have $10,000 at the end of the 20th year? Assume that the account pays 12% per year,and round to the nearest $1.


Definitions:

Beverage Container

A receptacle used to hold liquids for consumption, such as bottles, cans, or cups.

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Chemicals or mixtures that can cause harm or danger to organisms, the environment, or both when released or exposed in significant quantities.

Fly Ash

A fine powder that is a byproduct of burning pulverized coal in electric generation power plants, which can be used as a pozzolan in concrete production.

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