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Business, 28.10.2020 16:30 madysonrose1007

Assume that Ray is 38 years old and has 27 years for saving until he retires. He expects an APR of 7.5% on his investments. How much does he need to save if he puts money away annually in equal end-of-the-year amounts to achieve a future value of $1,200,000 dollars in 27 years' time

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Assume that Ray is 38 years old and has 27 years for saving until he retires. He expects an APR of 7...
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