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What is the amount of the payments that Morgan Winslow must make at the end of each of 10 years to accumulate a fund of
What is the amount of the payments that Morgan Winslow must make at the end of each of 10 years to accumulate a fund of $81,800 by the end of the 10th year, if the fund earns 10% interest, compounded annually? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Payment at the end of each year e Textbook and Media John Hitchcock is 37 years old today and he wishes to accumulate $536,000 by his 60th birthday so he can retire to his summer place on Lake Hopatcong. He wishes to accumulate this amount by making equal deposits on his 37 th through his 59 th birthdays. What annual deposit must John make if the fund will earn 10% interest compounded annually? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Annual deposits e Textbook and Media Julia Ross has $19,200 to invest today at 12% to pay a debt of $74.803. How many years will it take her to accumulate enough to liquidate the debt? (Round answer to 0 decimal places, e.g. 45.) years e Textbook and Media Cindy Houston has a $27,600 debt that she wishes to repay 3 years from today; she has $19,645 that she intends to invest for the 3 years. What rate of interest will she need to earn annually in order to accumulate enough to pay the debt? (Round answer to decimal places, e.g. 7%.) Rate of interest e Textbook and Media
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