You want to quit your job and go to graduate school, 6 years from now. You...
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You want to quit your job and go to graduate school, 6 years from now. You have begun saving $15,600 per year, starting right now. How much money will you have by the time you are ready to start your graduate program, and have completed 6 payments? Assume your money is being invested at 6.6% per year, with annual compounding. You want to quit your job and go to graduate school, 6 years from now. You have begun saving $15,600 per year, starting right now. How much money will you have by the time you are ready to start your graduate program, and have completed 6 payments? Assume your money is being invested at 6.6% per year, with annual compounding.
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ANSWER AND EXPLANATION how you arrived at your answer The answer is 10930233 To begin we need to cal... View the full answer
Related Book For
Corporate Finance
ISBN: 978-0071339575
7th Canadian Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Ro
Posted Date:
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