germainenez9403 germainenez9403

07-01-2024
Mathematics

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The Hamptons want to have $1,750,000 for their retirement in 30 years. How much should they save annually if they expect to earn 8% on their investments?
a) Use the FVA factor
b) Calculate the present value
c) Determine the inflation rate
d) No need to save annually

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