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You have decided to start a savings plan for your retirement. You plan to make an annual deposit of $50,000 each year for the next
You have decided to start a savings plan for your retirement. You plan to make an annual deposit of $50,000 each year for the next 7 years. The first deposit to be made one year from today. The bank pays a nominal interest rate of 4% annually. How much your savings account with the bank be if you leave the money in the bank to be withdrawn all in 20 years from today
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Business And Personal Finance
Authors: McGraw-Hill
1st Edition
0078945801, 9780078945809
