andez wishes to have $368,765 in a retirement account 15 years from now. What payment would Noime have to make every year starting next year if the interest rate is 8.6% co semi an

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 11E
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Noime Fernandez wishes to have $368,765 in a retirement account 15 years from now. What payment would Noime have to make every year starting next year if the interest rate is 8.6% co semi annually?

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