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Johnson needs to have $89,000 in 8 years. To reach the goal, he intends to make monthly contributions to a savings plan. If he can
Johnson needs to have $89,000 in 8 years. To reach the goal, he intends to make monthly contributions to a savings plan. If he can earn 12% APR with monthly compounding on the savings plan, what is the amount that he will have to save each month for the next 8 years?
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
6th International Edition
0071229035, 978-0071229036
