Question
In: Finance
To supplement your retirement, you estimate that you need to accumulate $270,000 exactly 35 years from...
To supplement your retirement, you estimate that you need to accumulate $270,000 exactly 35 years from today. You plan to make equal, end-of-year deposits into an account paying 11% annual interest. a. How large must the annual deposits be to create the $270,000 fund by the end of 3535 years? b. If you can afford to deposit only $660 per year into the account, how much will you have accumulated in 35 years?
Solutions
jeff jeffy answered 3 months agoRelated Solutions
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