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Other Fields Homework Help Finance Topic started by: samualson on Jul 4, 2018



Title: Your daughter is born today and you want her to be a millionaire by the time she is 35 years old. ...
Post by: samualson on Jul 4, 2018
Your daughter is born today and you want her to be a millionaire by the time she is 35 years old. You open an investment account that promises to pay 12% per year. How much money must you deposit each year, starting on her 1st birthday and ending on her 35th birthday, so your daughter will have $1,000,000 by her 35th birthday?
A) $2,317
B) $3,455
C) $5,777
D) $9,450


Title: Your daughter is born today and you want her to be a millionaire by the time she is 35 years old. ...
Post by: guzman on Jul 4, 2018
 A
 


Title: Your daughter is born today and you want her to be a millionaire by the time she is 35 years old. ...
Post by: samualson on Jul 4, 2018
Tremendous help, I just double-checked it with my friend :D