Question
Simpson wishes to have 1,100,000 in 35 years by making annual end-of-the-year deposits into a tax-deferred account paying 11.75% annually. what must lisa's deposit be?
Simpson wishes to have 1,100,000 in 35 years by making annual end-of-the-year deposits into a tax-deferred account paying 11.75% annually.
what must lisa's deposit be?
Step by Step Solution
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Step: 1
To calculate Lisas annual deposit required to accumulate 1100000 in 35 years wi...
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Principles of managerial finance
Authors: Lawrence J Gitman, Chad J Zutter
12th edition
9780321524133, 132479540, 321524136, 978-0132479547
