You are planning your retirement and you come to the conclusion that you need to have saved

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You are planning your retirement and you come to the conclusion that you need to have saved $1,250,000 in 30 years. You can invest into a retirement account that guarantees you a 5% annual return. How much do you have to put into your account at the end of each year to reach your retirement goal?
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Financial Management for Decision Makers

ISBN: 978-0138011604

2nd Canadian edition

Authors: Peter Atrill, Paul Hurley

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