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3. W. Buffet is investing $12,630 at the end of each year in a fund that earns 6% interest. In approximately how many years
3. W. Buffet is investing $12,630 at the end of each year in a fund that earns 6% interest. In approximately how many years will the fund be at $125,000? 4. Mr. Lion wants to withdraw $95,000 each year for 15 years from a fund that earns 5% interest. How much must he invest January 1 if the first withdrawal is at year-end?
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International Financial Reporting and Analysis
Authors: David Alexander, Anne Britton, Ann Jorissen
5th edition
978-1408032282, 1408032287, 978-1408075012
