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



Title: You estimate you'll need $200,000 per year for 25 years starting on your 65th birthday to live on ...
Post by: borteleto on Jul 4, 2018
You estimate you'll need $200,000 per year for 25 years starting on your 65th birthday to live on during your retirement. Today is your 50th birthday and you want to make equal deposits into an account paying 9% interest per year, the first deposit today and the last deposit on your 64th birthday. How much must each deposit be (rounded to the nearest $10)?
A) $99,920
B) $85,840
C) $66,909
D) $49,380


Title: You estimate you'll need $200,000 per year for 25 years starting on your 65th birthday to live on ...
Post by: guzman on Jul 4, 2018
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Title: You estimate you'll need $200,000 per year for 25 years starting on your 65th birthday to live on ...
Post by: borteleto on Jul 4, 2018
Commenting just to show my support for informative posts like this, keep it up 10/10


Title: You estimate you'll need $200,000 per year for 25 years starting on your 65th birthday to live on ...
Post by: guzman on Jul 4, 2018
That helps more than you thinks, thanks for being so thoughtful