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Rob Herndon and accountant with Southwest Airlines wants to retire 5 0 % of Southwest Airlines bond by 2 0 5 0 calculate the payment

Rob Herndon and accountant with Southwest Airlines wants to retire

50 %

of Southwest Airlines bond by

2050

calculate the payment Rob needs to make at the end of each year at

5 %

compounded annually to reach his goal of paying off $

210, 000

32

years

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