You have decided that upon retirement you will buy a mansion in Hawaii with cold cash after 18 years. How much do you need to save every year starting next year to have $365136 by then if the interest rate is 11.5%?

You have decided that upon retirement you will buy a mansion in Hawaii with cold cash after 18 years. How much do you need to save every year starting next year to have $365136 by then if the interest rate is 11.5%?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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