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Suppose you plan to have $90,000 in 20 years from now and you can invest your savings at 4% compounded continuously. Assuming you can save
Suppose you plan to have $90,000 in 20 years from now and you can invest your savings at 4% compounded continuously. Assuming you can save the same amount of money each year, how much do you need to save on a yearly basis in order to achieve your goal? Hint: Treat your savings as an income stream. Yearly savings (exact value) = dollars Yearly savings (rounded to the nearest cent) : dollars
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