A couple would like to have $50,000 at the end of 412 years. They can invest $10,000
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A couple would like to have $50,000 at the end of 412 years. They can invest $10,000 now and make additional contributions at the end of each quarter over the 412 years. If the investment earns 7.7% compounded quarterly, what size payments will enable them to reach their goal?
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P10000 n 4 18 i 0019...View the full answer
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Related Book For 
Mathematical Applications For The Management, Life And Social Sciences
ISBN: 9781337625340
12th Edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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