# finance

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How much would I have to put away annually to accumulate 50,000 in 8 years given an investment of 10% compounding savings?

• finance -

let the payment be x

50000=x(1 - (1.1)^-8)/.1

let me know if you don't get \$9372.20

• finance -

Pva= ammount[(1+i)^-1]
________ = _

I
Pva=50000[(1+0.10)8-1
____________ =
0.10

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