(Answered) If your daughter wants to earn 215000 within the next

Finance

If your daughter wants to earn $215,000 within the next twenty-three years and the salaries grow at 4.45% per year. What salary should she start to reach her goal?

Future Value (FV) 215000 Interest Rate (i) 0.0445 Number of years (n) 23 Answer-Refer to the Solved Example 5 on Page 52 of your text.

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