8. Your budgeted expenses while in medical school will be $40,000 each year for three years. At...
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8. Your budgeted expenses while in medical school will be $40,000 each year for three years. At 4% annual interest, how much money will you need to save before the start of med school if using an ordinary annuity to fund expenses?
a. Calculate using the long-hand method.
b. Calculate using the reference table method.
c. Calculate using a financial calculator.
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Related Book For
Personal Finance Building Your Future
ISBN: 9780077861728
2nd Edition
Authors: Robert Walker, Kristy Walker
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