SOLUTION: A man is planning to retire in 25 years. He
wishes to deposit a regular amount every three
months until he retires so that, beginning one
year following his retirement, he wi
Algebra.Com
Question 1147604: A man is planning to retire in 25 years. He
wishes to deposit a regular amount every three
months until he retires so that, beginning one
year following his retirement, he will receive
annual payments of $32,000 for the next 10
years. How much must he deposit if the inter-
est rate is 8% compounded quarterly?
Answer by ikleyn(52831) (Show Source): You can put this solution on YOUR website!
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