Question
I want to get a lump sum of money in one go by investing in an individual retirement plan. I will pay in installments in
I want to get a lump sum of money in one go by investing in an individual retirement plan. I will pay in installments in US Dollars every month for 10 years. If the annual simple dollar interest is 12%, how many dollar installments do I have to pay each month to get a lump sum of $50,000 after 10 years?
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Financial and Managerial Accounting Information for Decisions
Authors: John Wild, Ken Shaw, Barbara Chiappetta
5th edition
978-1259317552, 1259317552, 978-0078025600, 78025605, 978-1259335013, 1259335011, 978-1259347641
