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Business, 16.02.2021 02:20 Jgrant7485

An engineer plans to work with a consultant before starting her own firm. She estimates that she will need $70,000 to start her own firm in ten years, $110,000 at the end of the first year of business, $50,000 at the end of the second year, and $30,000 at the end of the third year. After the third year of business, her firm should be self-sufficient. Assuming that the interest rate is 5% and that her annual payments occur at the ends of years one through ten, approximately how much does she need to deposit each year in order to have the funds required to start her own firm

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