Bart is a junior in college. He plans to invest equal, annual amounts starting 3 years from now for 5 consecutive years in order to accumulate a total of $50,000 at the end of 15 years. If the funds earn 8% per year, what is the required amount of each deposit?

yup the answer is

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%

answerbuying in bulk;

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