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September 1, 2015

Homework Help: Finance

Posted by D Johnson on Sunday, May 5, 2013 at 12:05am.

Nelson Collins decided to retire to Canada in 10 years. What amount should Nelson deposit so that he will be able to withdraw $80,000 at the end of each year for 25 years after he retires? Assume Nelson can invest money at 7% interest compounded annually. (p. 322)

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