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Science-Related Homework Help Mathematics Topic started by: cyberk on May 29, 2023



Title: Today is Almo's 20th birthday and he has just received a large amount of money to sign a contract ...
Post by: cyberk on May 29, 2023
Today is Almo's 20th birthday and he has just received a large amount of money to sign a contract with a professional hockey team. He wants to put away enough money to make sure that on his 50th birthday he will have $2,500,000. For the next ten years he is confident that his investments will earn 15% compounded annually and after that, 10% compounded annually. To the nearest dollar, how much must he invest today?

▸ $761,545

▸ $299,419

▸ $117,674

▸ $99,278

▸ $91,856


Title: Re: Today is Almo's 20th birthday and he has just received a large amount of money to sign a contract ...
Post by: mattloftergener on May 29, 2023
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Title: BFSF: Today is Almos 20th birthday and he has just received a large amount of money to sign a contract ...
Post by: Palvi Mehra on Oct 7, 2023
Help! The answer is missing an explanation...