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6-10 Exercise 6-10 (Part Level Submission) Consider the following independent situations. Click here to view factor tables (a) Edward Finley wishes to become a millionaire,
6-10
Exercise 6-10 (Part Level Submission) Consider the following independent situations. Click here to view factor tables (a) Edward Finley wishes to become a millionaire, His money market fund has a balance of $179.01) and has a quaranteed interest rate of 10% How many years must Edward leave that balance in the fund in order to get hie desired $1,170,000 Cound answer to decimal places, 045) Years Exercise 6-10 (Part Level Submission) Consider the following independent situations, Click here to view factor tables (a) Edward Finley wishes to become a millionaire. His money market fund has a balance of $173,013 and has a guaranteed interest rate of 10% How many years must Edward leave that balance in the fund in order to get his desired $1,170,000 (Round answer to decimal places, ...) years Step by Step Solution
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