(Annuity payments) Lisa Simpson wants to have $1,800,000 in 45 years by making equal annual end-of-the-year...

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(Annuity payments) Lisa Simpson wants to have $1,800,000 in 45 years by making equal annual end-of-the-year...

(Annuity payments) Lisa Simpson wants to have

$1,800,000

in

45

years by making equal annual end-of-the-year deposits into a tax-deferred account paying

11.75

percent annually. What must Lisa's annual deposit be?

The amount of Lisa's annual deposit must be

$nothing.

(Round to the nearest cent.)

business finance

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