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Kerri plans to pay $15,600 each year and would like to prepare $1,122,000 for her retirement. Let us assume that the interest rate will be
Kerri plans to pay $15,600 each year and would like to prepare $1,122,000 for her retirement. Let us assume that the interest rate will be 12% and that it will compound annually. How many years will Kerri have to spend before she achieves her goal of preparing $1,122,000 for her retirement? O 20.94 years 23.54 years O 19.99 years O 20.56 years
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Principles Of Financial And Managerial Accounting
Authors: James Don Edwards, Roger H. Hermanson
1st Edition
0256130000, 978-0256130003
