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Jane wants to have $200,000 in an account in 20 years. If it earns 11 percent...

Jane wants to have $200,000 in an account in 20 years. If it earns 11 percent per annum over the accumulation period, how much must she save per year (end of year) to have the $200,000? $25,116

$3,115

$3,492

$10,000

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Answer #1

Given Future (Ev) -$200000 Time (nper) goyears. - Rate rally peresident valuelpu) 20 By using excel PMT Pnt(r, nper, pr, fv,

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