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What is the amount of annual deposits needed to have $400,000 available to purchase an apartment 8 years from now if deposits are made
What is the amount of annual deposits needed to have $400,000 available to purchase an apartment 8 years from now if deposits are made starting one year from now, with a 10% interest rate? Assume the last deposit is made just before purchase at the end of the 8th year.
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Personal Financial Planning
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
15th Edition
978-0357438480, 0357438485
