SOLUTION: Jack opens a savings account with a deposit of 1140 dollars. He plans to make another deposit of X dollars in three years, with the goal of having exactly 8200 dollars in the accou
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Question 1178692: Jack opens a savings account with a deposit of 1140 dollars. He plans to make another deposit of X dollars in three years, with the goal of having exactly 8200 dollars in the account 11 years after it is opened. If the account pays an effective rate of 7.05 percent, what value of X will allow him to reach his goal? Answer by greenestamps(13200) (Show Source):
