Question
Lisa Simpson wants to have $2,000,000 in 45 years by making equal annual end-of-the-year deposits into a tax-deferred account paying 8.50 percent annually. What must
Lisa Simpson wants to have $2,000,000 in 45 years by making equal annual end-of-the-year deposits into a tax-deferred account paying 8.50 percent annually. What must Lisa's annual deposit be?
The amount of Lisa's annual deposit must be $
(Round to the nearest cent.)
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Valuation Measuring and managing the values of companies
Authors: Mckinsey, Tim Koller, Marc Goedhart, David Wessel
5th edition
978-0470424650, 9780470889930, 470424656, 470889934, 978-047042470
