Mary would like to retire in 30 years with at least 23, Ask an Expert

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Mary would like to retire in 30 years with at least $2.3 million in her account. However, she is seeking an overdraft of $120,000 to buy furniture for her new house today. A bank is ready to give her the overdraft and charges an interest rate of 6% per year. What deposit will she have to make into her account at the start of every quarter to achieve her goal?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92785500

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