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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 156
Solve the following application problems.
RETIREMENT PLANNING Roman Rodriguez would like to know if he can retire in 35 years at age 60, when he plans to fish a lot. Assume the total deposit into his retirement account at the community college is $3800 at the end of each year and that the fund earns 6% per year. Find (a) the amount of the annuity and (b) the interest earned.
RETIREMENT PLANNING Roman Rodriguez would like to know if he can retire in 35 years at age 60, when he plans to fish a lot. Assume the total deposit into his retirement account at the community college is $3800 at the end of each year and that the fund earns 6% per year. Find (a) the amount of the annuity and (b) the interest earned.
Explanation
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Since the deposits are made at the end o...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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