Question
A: What is the amount of the payments that Henry Winslow must make at the end of each of 8 years to accumulate a fund
A: What is the amount of the payments that Henry Winslow must make at the end of each of 8 years to accumulate a fund of $86,200 by the end of the 8th year, if the fund earns 8% interest, compounded annually?
B: Morgan Hitchcock is 39 years old today and he wishes to accumulate $513,000 by his 63rd birthday so he can retire to his summer place on Lake Hopatcong. He wishes to accumulate this amount by making equal deposits on his 39th through his 62th birthdays. What annual deposit must Morgan make if the fund will earn 10% interest compounded annually?
C:Stacy Ross has $20,100 to invest today at 10% to pay a debt of $57,348. How many years will it take her to accumulate enough to liquidate the debt?
D:
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