Question
Peter plans to set aside an equal amount of money end of each year so that he will have $25,000 saved at the end of
Peter plans to set aside an equal amount of money end of each year so that he will have $25,000 saved at the end of three years. If he can earn 5 percent per year, how much does he have to save annually?
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$7,596.61
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$7,689.16
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$8,004.67
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$7,930
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$8,333.33
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The Sterling Bonds And Fixed Income Handbook
Authors: Mark Glowrey
1st Edition
0857190423, 978-0857190420
