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I just need help answering part 1 please. I will upvote if done correctly. I need the TIBAII calculator steps too. thanks! You are 25
I just need help answering part 1 please. I will upvote if done correctly. I need the TIBAII calculator steps too. thanks!
You are 25 years old and plan to remain single. You would like to have $750,000 in 15 years so you can retire at age 40 . 1) How much would you need to invest each year, assuming you invest at the end of each year and can earn 10% per year on your money? a) Show the formula and computation using the Future Value of an Annuity Table Method. ( 45 pts) b) Show the TiBAll calculator steps. (45 pts) 2) Diagram the cash flows and use Future Value of a Single Sum to show what each contribution would be worth at the end of 30 years. (45 pts) Sum the ending value for all 30 vears (it should total to $750,000 ). ( 5pts ) Step by Step Solution
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