You plan to retire in 35 years and would like to have $1,000,000 in investments. How much money would you have to invest today at a 9% annual interest rate compounded daily to reach your goal in 35 years? (Assume all years have 365 days. Round your answer to the nearest cent.) Need Help? Read Weh
You plan to retire in 35 years and would like to have $1,000,000 in investments. How much money would you have to invest today at a 9% annual interest rate compounded daily to reach your goal in 35 years? (Assume all years have 365 days. Round your answer to the nearest cent.) Need Help? Read Weh
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 10P
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