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(Solving for PMT of ordinary annuity) you want to have $50,000 by saving at the end of each of the next 10 years. If the
(Solving for PMT of ordinary annuity) you want to have $50,000 by saving at the end of each of the next 10 years. If the opportunity cost of capital (interest rate) is 12% per year, compounded annually, how much must you save annually.
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