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Chicago Equity Partners plans to accumulate $46,275,255 towards structuring a real estate investment trust by depositing...

Chicago Equity Partners plans to accumulate $46,275,255 towards structuring a real estate investment trust by depositing $1,500,000 at the end of each year with JPMorganChase. If Chicago Equity Partners earns 16% compounded annually on the deposited funds, how many deposits must it make?

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& 46275255 Į Į ... Annuity = 1500000 Final Value = 46275255 Rate = 16% Using financial calculaton fv= 462 75 255 PMT = - 1500

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