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Business, 18.11.2020 17:40 ozheng24112

Katie just turned 25 today. By her 60th birthday she would like to have $1,000,000 saved. She plans to invest equal annual payments beginning with her 27th birthday and ending on her 60th birthday. If all invested funds earn 8% annually, how much does she need to invest each year to have exactly $1,000,000 by her 60th birthday? a. $28,571.43
b. $6,304.11
c. $5,803.26
d. $5,344.67

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Katie just turned 25 today. By her 60th birthday she would like to have $1,000,000 saved. She plans...
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