Question
You are planning for your retirement in 25 years. At that time you want to have saved $7,500,000. How much do you need to save
You are planning for your retirement in 25 years. At that time you want to have saved $7,500,000. How much do you need to save each year for the next 25 years if the interest rate on your investment will be 8% per year (APR)?
Enter your response below (rounded to 2 decimal places).
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
13th edition
1285198840, 978-1285198842
