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Suppose you plan to have $80,000 in 25 years From now and you can invest your savings at 4% compounded continuously. Assuming you can save
Suppose you plan to have $80,000 in 25 years From now and you can invest your savings at 4% compounded continuously. Assuming you can save the same amount of money each year, now much do you need to save on a yearly basis in order to achieve your goal? Hint: Treat yoursavings as an income stream. Yearly savings (exact value) = dollars Yearly savings (rounded to the nearest cent) = E dollars
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