Question
1.You plan to retire in 16 years and would like to have $200,000 in a retirement account the day you retire. If you can earn
1.You plan to retire in 16 years and would like to have $200,000 in a retirement account the day you retire. If you can earn 6.1% per year, how much do you need to deposit in the account today in order to have the desired amount in the retirement account the day you retire? Round to the nearest cent.
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Financial Management Principles and Applications
Authors: Sheridan Titman, Arthur J. Keown, John H. Martin
13th edition
134417216, 978-0134417509, 013441750X, 978-0134417219
