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K (Compounding using a calculator) Lisa Simpson wants to have $1.3 million in 40 years by making equal annual end-of-the-year deposits into a tax-deferred
K (Compounding using a calculator) Lisa Simpson wants to have $1.3 million in 40 years by making equal annual end-of-the-year deposits into a tax-deferred account paying 8 percent annually. What must Lisa's annual deposit be?! The amount of Lisa's annual deposit must be S (Round to the nearest cent)
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Financial Management Theory and Practice
Authors: Eugene F. Brigham, Michael C. Ehrhardt
15th edition
130563229X, 978-1305632301, 1305632303, 978-0357685877, 978-1305886902, 1305886909, 978-1305632295
