You are earning an average of $47,500 and will retire in 11 years. If you put...
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You are earning an average of $47,500 and will retire in 11 years. If you put 15% of your gross average income in an ordinary annulty compounded at 8 % annually, what will be the value of the annuity when you retire? You are earning an average of $47,500 and will retire in 11 years. If you put 15% of your gross average income in an ordinary annulty compounded at 8 % annually, what will be the value of the annuity when you retire?
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Related Book For
Introduction to Financial Accounting
ISBN: 978-0133251036
11th edition
Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick
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