John Madison needs $339,200 in 10 years.
How much must he invest at the end of each year, at 9% interest, to
meet his needs? (Round factor values to 5 decimal
places, e.g. 1.25124 and final answers to 0 decimal places, e.g.
458,581
Investment Amount ?
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Steve Fillmore’s lifelong dream is to own his own fishing boat to
use in his retirement. Steve has recently come into an inheritance
of $430,800. He estimates that the boat he wants will...