Business, 03.12.2019 19:31 stmy1969

Aperson at age 30 is planning for retirement at age 60. he projects that he will need $100,000 a year, disbursed a yearly basis, until age 80. determine the uniform annual contribution (by him and his company) needed to provide these funds. assume that the effective interest rate is 8 % yr-1 and the rate of inflation is zero.

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