Dr Thomas plans to retire today and would like an income of $200,000 per year for the
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Dr Thomas plans to retire today and would like an income of $200,000 per year for the next 15 years with the income payments starting one year from today. He will be able to earn interest of 9 percent per year compounded annually from his investment account. What must he deposit today in his investment account to achieve this income of $200,000 per year?
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Related Book For 
Financial Management Of Health Care Organizations
ISBN: 9780631230984
2nd Edition
Authors: William N. Zelman, Michael J. McCue, Alan R. Millikan, Noah D. Glick
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