Mutual fund, goal (=$ 1,000,000,25) years, assumed percentage rate of (11.3 %) Find the annual deposit necessary,

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Mutual fund, goal $=\$ 1,000,000,25$ years, assumed percentage rate of $11.3 \%$

Find the annual deposit necessary, into an IRA or mutual fund, to reach the stated financial goal, given the assumed annual, compounded, interest rate, and the duration of the deposits. Convert that annual deposit to a monthly amount.

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Contemporary Mathematics

ISBN: 9781711470559

1st Edition

Authors: OpenStax

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Question Posted: May 29, 2024 10:00 AM

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Mutual fund, goal (=$ 1,000,000,25) years, assumed percentage rate of (11.3 %) Find the annual deposit necessary,

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Contemporary Mathematics

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