Question
Asked Dec 3, 2019
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Find the amount needed to deposit into an account today that will yield pension payments of $30,000 at the end of each of the next 13 years if the account earns interest at a rate of 6.9%/yr compounded annually. (Round your answer to the nearest cent.)

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Expert Answer

Step 1

The compound interes...

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А-D P| 1+. п

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