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A person wants to know if she can accumulate $ 3 , 0 0 0 , 0 0 0 in her lifetime. She feels she
A person wants to know if she can accumulate $ in her lifetime. She feels she can earn per year for years if she invests in stocks. Find a the amount of each of the annual payme needed and b the total interest earned.
Click here to view page of the sinking fund table.
Click here to view page of the sinking fund table.
a Each periodic payment is approximately $
Round to the nearest cent as needed.
b The total interest earned is approximately $
Round to the nearest cent as needed.
tableSinling Fund TablePeriodInterest Rate per Period,
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