F FURBalicious New member Jun 8, 2009 #1 How much money should Timothy and Tiffany deposit annually for 20 years in order to provide an income of $30,000 per year for the next 10 years? Assume the interest rate is a constant 4%.
How much money should Timothy and Tiffany deposit annually for 20 years in order to provide an income of $30,000 per year for the next 10 years? Assume the interest rate is a constant 4%.
K Kikki New member Jun 8, 2009 #2 30,000=(1+0.04)**10 now you do the math. I don't have the energy and calculator.