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Please show work-- no excel but allowed BA II Plus Your client has been saving $1,000 monthly, and presently has $43,000 in her account. If
Please show work-- no excel but allowed BA II Plus
Your client has been saving $1,000 monthly, and presently has $43,000 in her account. If she can earn 8% EAR, how many additional monthly deposits of $1,000 must she make before she could start withdrawing $1,000 every month forever, assuming she will live that long. All payments are in arrears. Answer: 70Step by Step Solution
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