How much money should timothy and tiffany deposit annually


Problem

How much money should Timothy and Tiffany deposit annually for 20 years in order to provide an income of $30,000 per year for the next 10 years? Assume the interest rate is a constant 4%. Contributed by Paul R. McCright, University of South Florida

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: How much money should timothy and tiffany deposit annually
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