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To supplement your retirement, you estimate that you need to accumulate $220,000 exactly 44years from today. You plan to make equal, end-of-year deposits into an
To supplement your retirement, you estimate that you need to accumulate $220,000 exactly 44years from today. You plan to make equal, end-of-year deposits into an account paying 9% annual interest. How large must the annual deposits be to create the $220,000 fund by the end of 44 years? If you can afford to deposit only $360 per year into the account, how much will you have accumulated in 44 years? please (Round to the nearest cent.)
To supplement your retirement, you estimate that you need to accumulate $220,000 exactly 44years from today. You plan to make equal, end-of-year deposits into an account paying 9% annual interest.
How large must the annual deposits be to create the $220,000 fund by the end of 44 years?
If you can afford to deposit only $360 per year into the account, how much will you have accumulated in 44 years?
please (Round to the nearest cent.)
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Financial Analysis With Microsoft Excel
Authors: Timothy R. Mayes
9th Edition
0357442059, 9780357442050
