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May you please help me with this, thank you John Smith wants to retire in 15 years. He anticipates he will need $2,000,000 to retire.
May you please help me with this, thank you
John Smith wants to retire in 15 years. He anticipates he will need $2,000,000 to retire. John has an account that currently pays 5% compounded annually. If John has $750,000 in his account today how much additional money must he deposit in the account today to have $2,000,000 when he retires (use the appropriate factor table(s) to answer the question and round the the nearest dollar). $962,000 $212,040 $1.250.000 5601,250 None of the above. On January 1. 2020 RSG, Inc. issued $3,000,000,8 year, 10% bonds. The bonds pay interest semiannually. At the time of issuance the market rate of interest is 12%. Calculate the issue price of the bond. (Round to the nearest dollar): Answer: $ Step by Step Solution
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