Joe is expecting to retire 28 years from now, at which time he wishes to have accumulated
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Joe is expecting to retire 28 years from now, at which time he wishes to have accumulated $750,000 in his retirement fund (money at that time). If the interest rate is 5% per year, how much should Joe put into his retirement fund at the end of each year in order to achieve his goal?
a. $4,559
b. $12,842
c. $19,118
d. $100,007
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Related Book For
Stock Markets And Corporate Finance A Primer
ISBN: 9781800611474,9781800611498
1st Edition
Authors: Michael Dempsey
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