If I invest $1,050,000 and require annual payments for 19 years at an investment rate of 7%,

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If I invest $1,050,000 and require annual payments for 19 years at an investment rate of 7%, what would be annual amount. Please provide formula (excel and calculator) and calculation?

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Engineering Economy

ISBN: 978-0073523439

8th edition

Authors: Leland T. Blank, Anthony Tarquin

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Posted Date: May 08, 2024 01:44 PM

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If I invest $1,050,000 and require annual payments for 19 years at an investment rate of 7%,

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To calculate the annual payment for a loan or investment using an annuity formula we can use ... View the full answer

Engineering Economy

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