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I already have the first part done. I just need help with Part C. The correct answer for the part above is $2170071. Part C)
I already have the first part done. I just need help with Part C.
The correct answer for the part above is $2170071.
Part C) What uniform annual investment over 35 years is required to achieve the same account balance?
On Juan's 26 th birthday, he invested $10,000 in a retirement account. Each year thereafter, he deposited 6% more than the previous deposit. The account paid annual compound interest of 5%. How much was in the account immediately after his 35 th depositStep by Step Solution
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