Mr Lambert is planning for his retirement in the years to come when he will reach 6

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Mr Lambert is planning for his retirement in the years to come when he will reach

60 .

He wants to spend $

9000

at the end of each year during his retirement period which he has estimated to be

15

years. Assuming a rate of interest of

8 %

per annum, calculate the lump sum he must save by the age of

60 .

Related Book For answer-question

A First Course in Differential Equations with Modeling Applications

ISBN: 978-1111827052

10th edition

Authors: Dennis G. Zill

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Posted Date: Apr 18, 2024 05:56 AM

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Mr Lambert is planning for his retirement in the years to come when he will reach 6

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A First Course in Differential Equations with Modeling Applications

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