Business, 04.10.2020 05:01 nataliastrong3846

Springfield mogul Montgomery Burns, age 80, wants to retire at age 100 so he can steal candy from babies full time. Once Mr. Burns retires, he wants to withdraw $500 million at the beginning of each year for 10 years from a special off-shore account that will pay 18% annually. In order to fund his retirement, Mr. Burns will make 20 equal end-of-the-year deposits in this same special account that will pay 18% annually. How large of an annual deposit must be made to fund Mr. Burns retirement plans

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Springfield mogul Montgomery Burns, age 80, wants to retire at age 100 so he can steal candy from ba...