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April 17, 2014

Homework Help: math

Posted by Anonymous on Monday, November 28, 2011 at 8:20pm.

Jim Hunter decided to retire to Florida in 10 years. What amount should Jim invest today so that he will be able to withdraw $25,000 at the end of each year for 30 years after he retires. Assume he can invest money at 9% interest compounded annually. (Using the Tables)

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