After looking at the results of her calculations, Naomi has decided to aim for $500,000 savings by the time she retires. She expects to have a starting salary after college of $25,000 to $35,000 and she has taken into acount all of the living expenses that will come out of her salary. what will Naomi's annual deposits need to e to accumulate $500,000 in a CD at 6%?

I have to know how many years she plans to make those deposits, your question does not include that information

However, if n is the number of years, solve for "pay" in this equation

500000 = pay ( 1.06^n - 1)/.06

To calculate the annual deposits that Naomi needs to make to accumulate $500,000 in a CD at 6%, we can use the formula for the future value of an ordinary annuity. The formula is:

FV = PMT * ((1 + r)^n - 1) / r

Where:
FV = Future Value (in this case, $500,000)
PMT = Annual Deposit
r = Interest Rate per period (6% = 0.06)
n = Number of periods (number of years until Naomi retires)

We can rearrange the formula to solve for PMT (Annual Deposit):

PMT = FV * (r / ((1 + r)^n - 1))

Substituting the given values:

FV = $500,000
r = 0.06
n = Number of years until Naomi retires

Let's assume Naomi plans to retire in 40 years. We can calculate the annual deposits needed using the formula:

PMT = $500,000 * (0.06 / ((1 + 0.06)^40 - 1))

Calculating this equation will give us the amount of annual deposits Naomi needs to make in order to accumulate $500,000 in a CD at 6% interest over 40 years.