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Please draw the cash flow diagram and solve the problem. Assume that you are planning to retire in 25 years and you would like to
Please draw the cash flow diagram and solve the problem.
Assume that you are planning to retire in 25 years and you would like to deposit a regular amount every three months until you retire, so that, beginning one year following his retirement, you will receive annual payments of $80,000 for the next 15 years. How much you deposit if the interest rate is 6% compounded quarterly Step by Step Solution
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