In Problems 20-52: a. State the type; and (mathbf{b}). Answer the question. You want to give your
Question:
In Problems 20-52:
a. State the type; and \(\mathbf{b}\). Answer the question.
You want to give your child a million dollars when he retires at age 65 . How much money do you need to deposit into a goldbased account paying 9% compounded monthly if your child is now 10 years old?
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