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 3 years ago
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.
 3 years ago
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.

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mathteacher1729
 3 years ago
Best ResponseYou've already chosen the best response.0Did the link from before help at all?

lilbabydoll7384`
 3 years ago
Best ResponseYou've already chosen the best response.0yea I am working on the problem but it still isn't making sense to me

mathteacher1729
 3 years ago
Best ResponseYou've already chosen the best response.0It looks like you've posted a ton of problems about this. Is there a test soon? :)
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