Emma has worked with a financial planner to determine that she will need to have $350,000...
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Emma has worked with a financial planner to determine that she will need to have $350,000 in her retirement account in 32 years. If she can earn 10% long-term on her investments and has $100,000 in the bank already, how much must she put aside at the beginning of each month to meet her goal? Emma has worked with a financial planner to determine that she will need to have $350,000 in her retirement account in 32 years. If she can earn 10% long-term on her investments and has $100,000 in the bank already, how much must she put aside at the beginning of each month to meet her goal?
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solution given FV 350000 pv 100000 rate 10 years 32 ... View the full answer
Related Book For
Personal Financial Planning
ISBN: 978-1305636613
14th edition
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Posted Date:
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