Lucy retires in 25 years from now and she has two objectives to attain. The first objective
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Lucy retires in 25 years from now and she has two objectives to attain. The first objective is to receive $45,000 per year for forty years once she retires in 25 years. The second objective is to buy jewelry with the estimated cost of $50,000 in 10 years from now. She pays $6000 per month at the rate of 5% interest to save the amount for her objectives for 10 years from now. Find out the annual payment between the years 11 years to 25 years?
Related Book For
Advanced Accounting
ISBN: 978-0077431808
10th edition
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
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