Question
Today is Derrick's 25th birthday. Derrick has been advised that he needs to have $2,059,547 in his retirement account the day he turned 65. He
Today is Derrick's 25th birthday. Derrick has been advised that he needs to have $2,059,547 in his retirement account the day he turned 65. He estimated the time account will be 7% interest. I assume he chooses not to deposit anything today. Rather he chooses to me and you deposit into the retirement account starting on the 28th birthday and ending on his 65th birthday. How much money does deposit be?
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Financial Management For Public Health And Not For Profit Organizations
Authors: Steven A. Finkler
2nd Edition
0131471988, 978-0131471986
