You plan to retire when you have $1,000,000 in savings. You can make a deposit of $3,000

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You plan to retire when you have $1,000,000 in savings. You can make a deposit of $3,000 per quarter into a retirement saving account that pays 12 percent annual interest rate compounded quarterly. How many years will you have to wait to retire?

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Principles Of Managerial Finance

ISBN: 978-0136119463

13th Edition

Authors: Lawrence J. Gitman, Chad J. Zutter

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Posted Date: Jan 11, 2024 05:54 AM

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You plan to retire when you have $1,000,000 in savings. You can make a deposit of $3,000

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To determine how many years it will take to reach 1000000 in savings well need to calc... View the full answer

Principles Of Managerial Finance

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