Mike is planning to retire in 32 years. He is thinking about opening a retirement account...

Question

Question

Mike is planning to retire in 32 years. He is thinking about opening a retirement account and plans to invest an equal amount

Answer 1

Answer #1

7)

Investment in each year (P) FVA: ([(1+r)^n-1]=r) Here, A Interest rate per annum B Number of years CNumber of payments per pe

Answer 2

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