annuity payment

Sigchi4life
Category:
Business & Finance
Price: $5 USD

Question description


(Solving for an annuity payment)  You would like to have $1,000,000 accumulated by the time you turn 65, which will be 40 years from now.  How much would you have to put away each year to reach your goal, assuming you're starting from zero now and you earn 10% annual interest on your investment?

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(Top Tutor) Daniel C.
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School: Boston College
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