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Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454 Exercise 45
Solve the following exercises by using tables.
Valerie Ross is ready to retire and has saved $200,000 for that purpose. She wants to amortize (liquidate) that amount in a retirement fund so that she will receive equal payments over the next 25 years. At the end of the 25 years, no funds will be left account. If the fund earns 4% interest, how much will Valerie each year
Valerie Ross is ready to retire and has saved $200,000 for that purpose. She wants to amortize (liquidate) that amount in a retirement fund so that she will receive equal payments over the next 25 years. At the end of the 25 years, no funds will be left account. If the fund earns 4% interest, how much will Valerie each year
Explanation
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For calculating the amount of an Amortiz...
Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
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