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Mathematics, 05.09.2019 02:30 izzynikkie
Deryl wishes to save money to provide for his retirement. beginning one month from now, he will deposit a fixed amount into a retirement savings account that will earn 12% compounded monthly. he will make 360 such deposits. then, one year after making his final deposit, he will withdraw $100,000 annually for 25 years. the account balance will reduce to zero when the last withdrawal was made. the fund will continue to earn 12.68% compounded annually during these last 25 years. how much should his monthly deposits be?
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Deryl wishes to save money to provide for his retirement. beginning one month from now, he will depo...
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