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samualson samualson
wrote...
Posts: 2459
5 years ago
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
Textbook 
Foundations of Finance

Foundations of Finance


Edition: 9th
Authors:
Read 19 times
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wrote...
5 years ago
 A
 
samualson Author
wrote...
5 years ago
Tremendous help, I just double-checked it with my friend Smiling Face with Open Mouth
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