You want to save $35,000 in 10 years, and you will earn 4.5% on your investment. How

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You want to save $35,000 in 10 years, and you will earn 4.5% on your investment. How much will your payments be annually? Also, provide the formula and identify N, PV, FV, PMT, and I/R.

Related Book For answer-question

Foundations of Finance The Logic and Practice of Financial Management

ISBN: 978-0132994873

8th edition

Authors: Arthur J. Keown, John D. Martin, J. William Petty

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Posted Date: Mar 22, 2024 10:30 PM

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You want to save $35,000 in 10 years, and you will earn 4.5% on your investment. How

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To calculate the annual payment needed to save 35000 in 10 years with a 45 interest rate we can use ... View the full answer

Foundations of Finance The Logic and Practice of Financial Management

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