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kitkat867 kitkat867
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A year ago

Jim Hunter has decided 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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diana72gdiana72g
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A year ago
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kitkat867 Author
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A year ago
Thanks for your help!!
Harvinder
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Yesterday
Good timing, thanks!
Liarec
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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