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The owner of Automobile Mart determines that she needs $2 million for retirement in 45 years (this figure is irrelevant of her selling the business
- The owner of Automobile Mart determines that she needs $2 million for retirement in 45 years (this figure is irrelevant of her selling the business or transferring ownership). How much of her salary does she need to save each year if her investment earns the S&P statistical annual average of 9.4%?
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PV =
PMT =
FV =
P/Y =
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Introduction To Derivatives And Risk Management
Authors: Robert Brooks, Don M Chance
9th Edition
1133190197, 978-1133190196
