Question
You just won the Sweepstakes and have decided to take your winning in 15 equal payments of$35,000. You decide to save all of this money
You just won the Sweepstakes and have decided to take your winning in 15 equal payments of$35,000. You decide to save all of this money for your retirement and deposit it into an account that earns11% per year. What is the amount of your retirement nestegg? (Round to the nearest wholedollar)
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Principles of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter, Wajeeh Elali, Amer Al Roubaix
Arab World Edition
1408271583, 978-1408271582
