How much must she deposit at the end of each year

Reference no: EM1344272

Xiao Li wishes to accumulate $50,000 by the end of 10 years by making equal annual end-of-year deposits over the next 10 years. If Xiao Li can earn 5 percent on her investments, Evaluate how much must she deposit at the end of each year?

Reference no: EM1344272

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