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You are planning to retire in 25 years. You are quoted by a bank for an annuity at a rate of 5% per year. How
| You are planning to retire in 25 years. You are quoted by a bank for an annuity at a rate of 5% per year. |
| How much will need to deposit at the end of each of the next 25 years such that you will accumulate a retirement nest of $1,000,000 at the end of 25th year? |
*MUST BE SOLVED WITH AN EXCEL FUNCTION*
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McMillan On Options
Authors: Lawrence G. McMillan
2nd Edition
0471678759, 978-0471678755
