Question
Barry Cuda would like to save $210,000 over the next 20 years.He will assume that his account will earn 6% annually.If Barry knows today that
Barry Cuda would like to save $210,000 over the next 20 years.He will assume that his account will earn 6% annually.If Barry knows today that he will be given $75,000 in 15 years as part of an inheritance, how much additionally would he need to deposit annually over the next 20 years to reach his goal?
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
4th Canadian edition
978-1259269868, 978-1259103292
