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the answer is 374,440.56 All by hand, no excel, can only use financial calculator the answer is 374,440.56 Billy will get monthly payments for 25
the answer is 374,440.56 All by hand, no excel, can only use financial calculator the answer is 374,440.56 Billy will get monthly payments for 25 years starting one month after retirement. For the first year, each monthly payment amount is 2000 . For each subsequent year, the monthly payments are 2% more than the monthly payments from the previous year. Using a nominal interest rate of 6%, compounded monthly, what is the present value of his retirement benefir
the answer is 374,440.56
All by hand, no excel, can only use financial calculator
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