Calculate the amount that must be invested at the end of each year at 9.3% compounded annually in order to accumulate $530,000 after: (Do not round intermediate calculations and round your final answers to 2 decimal places.) a. 25 years. $ b. 30 years. $ In each case, also determine what portion of the $530,000 represents earnings on the annual investments. (Round your intermediate calculations and final answers to 2 decimal places.) a. Earnings portion $ b. Earnings portion $
Calculate the amount that must be invested at the end of each year at 9.3% compounded annually in order to accumulate $530,000 after: (Do not round intermediate calculations and round your final answers to 2 decimal places.) a. 25 years. $ b. 30 years. $ In each case, also determine what portion of the $530,000 represents earnings on the annual investments. (Round your intermediate calculations and final answers to 2 decimal places.) a. Earnings portion $ b. Earnings portion $
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 18E
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Calculate the amount that must be invested at the end of each year at 9.3% compounded annually in order to accumulate $530,000 after: (Do not round intermediate calculations and round your final answers to 2 decimal places.)
a. 25 years. $
b. 30 years. $
In each case, also determine what portion of the $530,000 represents earnings on the annual investments. (Round your intermediate calculations and final answers to 2 decimal places.)
a. Earnings portion $
b. Earnings portion $
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