Question
5.) Lawrence wants to retire in 10 years. He already has $90,000 in his retirement account which is earning 6% monthly. A.) How much will
5.) Lawrence wants to retire in 10 years. He already has $90,000 in his retirement account which is earning 6% monthly.
A.) How much will that be worth in the 10 years?
Filled in formula ______________________
Answer ____________________________
B.) How much should Lawrence deposit into his retirement account each month at the same 6% ( from part A) , in order to have a TOTAL ( include $ from part A) of $1,000,000 when he retires in 8 years?
Filled in formula _____________________
Answer ____________________________
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Financial Management Of Health Care Organizations
Authors: William N. Zelman, Michael J. McCue, Alan R. Millikan, Noah D. Glick
2nd Edition
063123098X, 9780631230984
