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reync89 reync89
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A year ago
Four years from now, Tim and Justine plan to take a year's leave of absence from their jobs and travel through Asia, Europe, and Africa. They want to accumulate enough savings during the next four years so they can withdraw $3000 at each month-end for the entire year of leave. What amount must they pay into the fund at the end of every calendar quarter for the next four years to reach their goal? The planning assumptions are that their savings will earn 6% compounded quarterly for the next four years and 4.2% compounded monthly during the fifth year.
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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carolyne254carolyne254
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A year ago
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reync89 Author
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A year ago
This calls for a celebration Person Raising Both Hands in Celebration
gmiannotti
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Yesterday
Good timing, thanks!
Fanmkreyol
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2 hours ago
Correct Slight Smile TY
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