Question: How much do you have to save at the end of every month for only 15 years to have a perpetuity of $76,000, assuming that
How much do you have to save at the end of every month for only 15 years to have a perpetuity of $76,000, assuming that you can invest an at annual rate of 9%? Assume that the first deposit is at the end of the first month, and that the first payment will be at the beginning of the twenty-fifth year.
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