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You have made the decision to retire in 8 years, with a target retirement fund balance of $10,000,000. If APR (based on monthly compounding)
You have made the decision to retire in 8 years, with a target retirement fund balance of $10,000,000. If APR (based on monthly compounding) is 9%, how much do you have to pay into the fund at the beginning of every month, in order to hit your target retirement fund balance?
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PMT PV x r 1 1 rn where PMT is the monthly payment PV is the present value or the starting balance r ...
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
