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JOHN WOULD LIKE TO RETIRE 25 YEARS FROM NOW AND HAS JUST STARTED SAVING FOR RETIREMENT. HE FOUND A RETIREMENT ACCOUNT THAT PAYS 6.5% APR
JOHN WOULD LIKE TO RETIRE 25 YEARS FROM NOW AND HAS JUST STARTED SAVING FOR RETIREMENT. HE FOUND A RETIREMENT ACCOUNT THAT PAYS 6.5% APR COMPOUNDED QUARTERLY. TO THE NEAREST DOLLAR, HOW MUCH MONEY WILL JOHN NEED TO DEPOSIT IN THE ACCOUNT EACH QUARTER TO REACH HIS GOAL OF HAVING A NEST EGG OF 1,000,000 ? a) A= P= PMT= APR= n= Y= SOLUTION : QUARTERLY DEPOSIT=
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Focus On Personal Finance
Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart
5th Edition
0077861744, 978-0077861742
