Solved: Create the retirement fund, Finance Basics

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Create the retirement fund

Problem:

Bill Shaffer wishes to have $200,000 in a retirement fund 20 years from now. He can crate the retirement fund by making a single lump sum deposit today. If he can earn 10 percent on his investments, How much must Bill deposit today to create the retirement fund? If he can earn only 8 percent on his investments? Compare and discuss the results of your calculations.

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Finance Basics: Create the retirement fund

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