a pleasnat gentlemen has advised you via email that you are getting $1 million inheritance.  You can invest this a fixed 4%, compounded quarterly.  HOw much retirement money will you have after 30 years

Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter9: Current Liabilities, Contingencies, And The Time Value Of Money
Section: Chapter Questions
Problem 9.17E
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a pleasnat gentlemen has advised you via email that you are getting $1 million inheritance.  You can invest this a fixed 4%, compounded quarterly.  HOw much retirement money will you have after 30 years

 

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