Question
QUESTION 5 Mary wants $3.5 million for her retirement at age 65. Mary is 28 years old today and plans to deposit equal amounts each
QUESTION 5
Mary wants $3.5 million for her retirement at age 65. Mary is 28 years old today and plans to deposit equal amounts each year starting on her 30thbirthday and ending on her 65thbirthday. If her investments earn 6% per year, how much must each deposit be?
- $31,408.51
- $33,859.69
- $30,859.47
- $25,985.96
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Forecasting Methods And Applications
Authors: Spyros G. Makridakis, Steven C. Wheelwright, Rob J Hyndman
3rd Edition
0471532339, 9780471532330
