You can earn 9 rate compounded monthly on any funds you
Question - You just won the lottery! You wish to put away enough money so that you can withdraw $6,000 per month for 45 years. You can earn 9% rate compounded monthly on any funds you deposit. How much will you have to deposit now to meet your goal?
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question - you just won the lottery you wish to put away enough money so that you can withdraw 6000 per month for 45
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