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Sandhya
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I would like accounting help

Customer Question

assume cindy wants to accumulate 150,000 by her retirement date. will she achieve her goial if she invests 30,000 today and earns 6 percent?



if cindy invests a total of 30,000 through a series of 24 equal annual installments at the end of the year instead of a single amount, would Cindy accumulate the desired 100,000 at the 6 percent annual interest. The first in vestment would be made one year from today

Submitted: 4 years ago.
Category: Homework
Expert:  Sandhya replied 4 years ago.
Hi,

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In how many years, cindy will retire??

Thanks
Customer: replied 4 years ago.

cindy has decided to retire in 24 years. She has 30,000 available todaqy and wants to invest the money to supplement her pension plan.

 

Expert:  Sandhya replied 4 years ago.
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