Question
1.) Marisa currently has $20,000. In addition, she plans to add $2,000 every year. Fund is expected to grow 7 % a year. How much
1.) Marisa currently has $20,000. In addition, she plans to add $2,000 every year. Fund is expected to grow 7 % a year.
- How much will she have in 30 years?
- How much profit did she make?
2.) You have accumulated $500,000 for your retirement. How much money can you withdraw in equal annual cash flows if you invest the money at a rate of 7% for thirty years?
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Financial Management For Public Health And Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
7th Edition
1071835335, 978-1071835333
