How Much Must Be Saved Annually, Beginning One Year from Now

question 103

Multiple Choice

How much must be saved annually, beginning one year from now, in order to accumulate $50,000 over the next 10 years, earning 9 percent annually?

• A)$3,291
• B)$3,587
• C)$4,500
• D)$4,587 $50,000 = pmt
• = pmt
• = pmt [15.1929]

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