× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
New Topic  
samualson samualson
wrote...
Posts: 2459
5 years ago
Cindy wants $2.5 million for her retirement at age 65. Cindy is 25 years old today and plans to deposit equal amounts each year starting on her 26th birthday and ending on her 65th birthday. If her investments earn 6% per year, how much must each deposit be?
Textbook 
Foundations of Finance

Foundations of Finance


Edition: 9th
Authors:
Read 91 times
2 Replies

Related Topics

Replies
wrote...
5 years ago
 $16,153.84 (FVA = $2.5 million, N = 40, I = 6%, solve for PMT)
 
samualson Author
wrote...
5 years ago
This calls for a celebration Person Raising Both Hands in Celebration
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1253 People Browsing
Related Images
  
 892
  
 321
  
 1542
Your Opinion

Previous poll results: Do you believe in global warming?