Reaching a Financial Goal

You need to accumulate $10,000. To do so, you plan to make deposits of $1,050 per year – with the first payment being made a year from today – into a bank account that pays 13% annual interest. Your last deposit will be less than $1,050 if less is needed to round out to $10,000.

How many years will it take you to reach your $10,000 goal? Do not round intermediate calculations. Round your answer up to the nearest whole number.

Don't use plagiarized sources. Get Your Custom Essay on

Just from $13/Page

Order Essay

year(s)?

How large will the last deposit be? Do not round intermediate calculations. Round your answer to the nearest cent.

$ ?

Hire a Writer

Client Reviews

4.9

Sitejabber

4.6

Trustpilot

4.8

Our Guarantees

100% Confidentiality

Information about customers is confidential and never disclosed to third parties.

Original Writing

We complete all papers from scratch. You can get a plagiarism report.

Timely Delivery

No missed deadlines – 97% of assignments are completed in time.

Money Back

If you're confident that a writer didn't follow your order details, ask for a refund.

New to Coursework Hero? Sign up & Save

Calculate the price of your order

Type of paper needed:

Pages:

You will get a personal manager and a discount.

Academic level:

We'll send you the first draft for approval by at

Total price:

$0.00

Power up Your Academic Success with the
Team of Professionals. We’ve Got Your Back.

Power up Your Study Success with Experts We’ve Got Your Back.

Order Now Order Now