You are planning for your future needs and retirement.You want to receive$200,000 15 years from today and

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You are planning for your future needs and retirement.You want to receive$200,000 15 years from today and a retirement annuity of $50,000 per year for 20 years with the first payment 20 years from today.To pay for this, you will make 5 payments of $A per year beginning today and 6 payments of $A per year with the first payment 8 years from today.With an interest rate of 8%, what is the value for A?

Posted Date: May 19, 2024 09:12 AM

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You are planning for your future needs and retirement.You want to receive$200,000 15 years from today and

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