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how to put this in excel step by step A broker friend of yours wants you to deposit your money with his firm's money market
how to put this in excel step by step
A broker friend of yours wants you to deposit your money with his firm's money market account. You have 512,000 today. Your friend says that if you deposit the S12,000 and a yearly deposit of S15,000, his firm can convert it into S2.5 million dollars within 25 years. What rate will your money market have to earn to be able to achieve this? 8.75% 10.24% 11.56% 12.78% Step by Step Solution
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