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Home Q & A Board Other Fields Homework Help Business Management
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stranahan stranahan
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7 years ago
Assume that Don is 45 years old and has 20 years for saving until he retires. He expects an APR of 8.5% on his investments. How much does he need to save if he puts money away annually in equal end-of-the-year amounts to achieve a future value of one million dollars in 20 years time?
A) $20,570.00
B) $20,670.97
C) $20,800.00
D) $20,770.90
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
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macawmatanemacawmatane
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7 years ago
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stranahan Author
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#2
7 years ago
Thanks Smiling Face with Open Mouth and Tightly-closed Eyes
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