Question
Accumulating a growing future sumPersonal Finance ProblemA retirement home at Deer Trail Estates now costs 196,000. Inflation is expected to cause this price to increase
Accumulating a growing future sumPersonal Finance ProblemA retirement home at Deer Trail Estates now costs
196,000. Inflation is expected to cause this price to increase at 7% per year over the 19 years before C. L. Donovan retires. If Donovan earns 8%
on his investments, how large must an equal, end-of-year deposit must be to provide the cash needed to buy the home 19 years from now?
Please post excel formula
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The Handbook Of Equity Market Anomalies
Authors: Leonard Zacks
1st Edition
0470905905, 978-0470905906
