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Your Client Is 25 Years Old and Wants to Start

Question 66

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Your client is 25 years old and wants to start receiving payments of $100,000 per year when she retires on her 60th birthday until her 89th birthday.As her financial advisor,how much must she invest every year staring today to achieve her goal if she can earn 7 percent annual interest?

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Present value of annuity to ag...

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