Abby wants to have $20, 000 available in August 2015 to make a college tuition payment.To be able to have this amount available, Abby will have to make equal annual deposits in an investment earning 12% annually in August 2011, 2012, 2013, 2014, and 2015 in the amount of
A)$5, 548
B)$4, 954
C)$4, 000
D)$3, 148

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The Answer of Abby wants to have $20, 000 available in August 2015 to make a college tuition payment.To be able to have this amount available, Abby will have to make equal annual deposits in an investment earning 12% annually in August 2011, 2012, 2013, 2014, and 2015 in the amount of
A)$5, 548
B)$4, 954
C)$4, 000
D)$3, 148

Abby Wants to Have $20, 000 Available in August 2015