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Gordon and Lisa estimate that they will need $1,875,000 in 40 years for their retirement years. If they can earn

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Gordon and Lisa estimate that they will need $1,875,000 in 40 years for their retirement years. If they can earn 8 percent annually on their funds, how much do they need to save annually?

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First year you put in x and at the end of 40 years you have x …View the full answer


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Zafar Alam
After persuing B Tech Degree in Computer Science and Engineering, I have joined NIIT Limited as TM-Programmer for a year. After that I worked as a System Engineer in Tata Consultancy Services (TCS) for 2 years. Due to more interest in teaching I left the job in TCS and got involved in taking tuition. I started giving home tuition to +2 level students for Chemistry. Along with chemistry I am also involved with Computer Students for Computer Programming.
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Personal Finance Turning Money into Wealth

Personal Finance Turning Money into Wealth

ISBN: 978-0134730363

8th edition

Authors: Arthur J. Keown

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Question Posted: February 15, 2018 07:49:47
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