Stephen has determined that he will need $ 2 , 5 0 0 , 0 0 0

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Stephen has determined that he will need $ $2, 500, 000$ when he retires in $45$ years. The current interest rate is $9 % .$ How much does he need today to fully fund this goal at that rate?

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Personal Finance Turning Money into Wealth

ISBN: 978-0134730363

8th edition

Authors: Arthur J. Keown

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Posted Date: Mar 16, 2024 02:30 AM

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Stephen has determined that he will need $ 2 , 5 0 0 , 0 0 0

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We can calculate the present value PV Stephen needs today to reach his retirement goal u... View the full answer

Personal Finance Turning Money into Wealth

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