DeMarcus wants to retire with $1 million in savings by the time he turns 65. He is

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DeMarcus wants to retire with $1 million in savings by the time he turns 65. He is currently 18 years old. How much will he need to save each year, assuming he can get a 12% annual return on his investment s?

The amount DeMarcus will need to save each year, PMT, is ....................

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Public Finance A Contemporary Application of Theory to Policy

ISBN: 978-1285173955

11th edition

Authors: David N Hyman

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Posted Date: Sep 22, 2020 11:31 AM

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DeMarcus wants to retire with $1 million in savings by the time he turns 65. He is

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3 We need to find PMT such that Number of years 60 18 ... View the full answer

Public Finance A Contemporary Application of Theory to Policy

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