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edehghany edehghany
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3 months ago

Jim Hunter decides to retire to Florida in 10 years. What amount should Jim invest today so that he will be able to withdraw $25,000 at the end of each year for 30 years after he retires? Assume he can invest money at 9% interest compounded annually.

Note: Round your answer to the nearest cent.

Textbook 
Math for Business and Finance: an Algebraic Approach

Math for Business and Finance: an Algebraic Approach


Edition: 3rd
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armywahinearmywahine
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edehghany Author
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3 months ago
this is exactly what I needed
Gorgio_De
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Yesterday
Thank you, thank you, thank you!
linlinlin
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2 hours ago
Thanks
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