Edgar wants to have $600,000 in his retirement account in thirty years.if he begins with a single deposit of $5000 how much would he need to deposit at the end of each quarter in an account earning 9% compounded quarterly in order to meet his goal?
Edgar wants to have $600,000 in his retirement account in thirty years.if he begins with a single deposit of $5000 how much would he need to deposit at the end of each quarter in an account earning 9% compounded quarterly in order to meet his goal?
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 16PROB
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Edgar wants to have $600,000 in his retirement account in thirty years.if he begins with a single deposit of $5000 how much would he need to deposit at the end of each quarter in an account earning 9% compounded quarterly in order to meet his goal?
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