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Business, 20.02.2020 22:41 Kennabug4503

Jack would like to have $1.25M to retire in 35 years. He will get $375,000 the day he retires from his company's pension plan that he plans to use to collect the amount needed to retire. If he can deposit funds in a money market account which earns 6.5% interest per year, and he would like to make yearly deposits to collect the money to retire, how large should the annual deposits be? a. $5,176 per year b. $6,675 per year c. $7,054 per year d. $10,078 per year

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Jack would like to have $1.25M to retire in 35 years. He will get $375,000 the day he retires from h...

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