SOLUTION: Jane's grandmother figures that she will need to have $200,000 at the end of 10 years. The retirement fund that she has chosen earned interest at 6% compounded annually.
a) How
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a) How
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Question 1133059: Jane's grandmother figures that she will need to have $200,000 at the end of 10 years. The retirement fund that she has chosen earned interest at 6% compounded annually.
a) How much does she need to invest in the fund every six months?
b)How much interest will jane's grandmother have earned over the course of her investment? Answer by ikleyn(52775) (Show Source):
