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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 78
Li decides to plan funding for his retirement for 20 years, from ages 67 to 87. If funds earn 8% compounded annually, find the present value of the annual income that he needs at 67 based on the income from part (c). ____________
Explanation
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This is an annuity problem.
The followi...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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