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U=25 (income of 25,000 per year) 19. Assuming an individual believes he can earn 6.55% per year on his investments, compute how much money the
U=25 (income of 25,000 per year)
19. Assuming an individual believes he can earn 6.55% per year on his investments, compute how much money the individual would need to have in order to have income of $1,000U per year that grows with a forecasted inflation rate of 3% per year for 30 years Step by Step Solution
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