Kaley Perry invests $8,559.48 now for a series of $1,000 annual returns, beginning one year from...

Kaley Perry invests $8,559.48 now for a series of $1,000 annual returns, beginning one year from now. Kaley will earn a return of 8% on the initial investment. How many annual payments of $1,000 will Kaley receive? View Solution:
Kaley Perry invests 8 559 48 now for a series of 1 000