Question
Your retirement account has a current balance of $80,000. What interest rate would need to be earned in order to accumulate a total of $1,000,000
Your retirement account has a current balance of $80,000. What interest rate would need to be earned in order to accumulate a total of $1,000,000 in 25 years, by adding $7,000 at the end of each year?
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Principles Of Financial Management
Authors: Haim Levy, Marshall Sarnat
1st Edition
0137097751, 978-0137097753
