document.write( "Question 269030: I have $1500 in a savings account drawing 6% interest and would like to make a payment once year for three years to have an ending balance of $10,000 at the end of the three years. I need for these payments to be the same amount to make it easier for me to remember. Can you please help me by giving the formula for this? \n" ); document.write( "

Algebra.Com's Answer #197405 by ankor@dixie-net.com(22740) $\"\"$ $\"About$

You can put this solution on YOUR website!
I have $1500 in a savings account drawing 6% interest and would like to make a payment once year for three years to have an ending balance of $10,000 at the end of the three years
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\n" ); document.write( "I used the financial feature on my TI83 with your figures and came up with
\n" ); document.write( "$2579.93, just make it $2580 deposited every year (compounded once a year)
\n" ); document.write( "If compounded quarterly you only need 2574 \n" ); document.write( "

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