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cyberk cyberk
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9 months ago
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
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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mattloftergenermattloftergener
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9 months ago
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