In: Finance
Find the amount needed to deposit into an account today that will yield a typical pension payment of $35,000 at the end of each of the next 30 years for the given annual interest rate. (Round your answer to the nearest cent.)
7.7%
$_______
Amount needed to deposit (C=A/B) | $ 4,05,443 | |||||
Amount needed to deposit (C=A/B) |
$ 4,05,443 |
Calculation of amount needed to deposit into an account today
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