Solved: Your client wants to save 500000 for his retirement he, Basic Statistics

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Your client wants to save 500000 for his retirement he

Your client wants to save $500,000 for his retirement. He plans to retire in 20 years. How much must he deposit in his individual retirement account now, assuming that the account pays a fixed rate of 8% annually, to make sure that he reaches his retirement goal?

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Basic Statistics: Your client wants to save 500000 for his retirement he

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