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How much would Howard Steele need to invest today so that he may withdraw $12,000 each year for the ...

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How much would Howard Steele need to invest today so that he may withdraw $12,000 each year for the ...

How much would Howard Steele need to invest today so that he may withdraw $12,000 each year for the next 20 years, assuming a rate of 8% compounded annually?

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$117,817.77

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$454,144.00

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$112,817.20

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$549,144

Textbook

Math for Business and Finance: an Algebraic Approach

Edition: 3^rd

Author: Slater

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