You will retire 4 years from today. At retirement you need to pay $ 1 0 0
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You will retire years from today. At retirement you need to pay $ and then after a year $ and finally two years after that or on the end of the seventh year from today a final $ to buy an apartment in a continuing care facility. You have saved today $ and you plan to save $ next year and then $ each year until and including the year of your retirement. The interest rate is percent per year. Will you have enough money saved for your purchase?
Related Book For
Modeling And Analysis Of Dynamic Systems
ISBN: 9781138726420
3rd Edition
Authors: Ramin S. Esfandiari, Bei Lu
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