Question
One investor wants to deposit $1000 at the end of every year into an account for 40 years beginning one year from now. Determine how
One investor wants to deposit $1000 at the end of every year into an account for 40 years beginning one year from now. Determine how much a second investor needs to deposit now in order to accumulate the same sum after 40 years the first investor can if money can earn 8.4% annually. ($11,432.10)
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The Complete Guide To Capital Markets For Quantitative Professionals
Authors: Alex Kuznetsov
1st Edition
0071468293, 978-0071468299
