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Your daughter is born today and you want her to have $1.7 million dollars by the time she is 36 years old. You open an
Your daughter is born today and you want her to have $1.7 million dollars by the time she is 36 years old. You open an investment account that promises to pay 9% per year. How much money must you deposit each year, starting on her 1st birthday and ending on her 35th birthday, so your daughter will have $1,800,000 at age 37?
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Financial and Managerial Accounting
Authors: Horngren, Harrison, Oliver
3rd Edition
978-0132497992, 132913771, 132497972, 132497999, 9780132913775, 978-0132497978
