Suppose someone wants to accumulate 125000 for retirement, Ask an Expert

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Suppose someone wants to accumulate $125,000 for retirement in 30 years. The person has two choices. Plan A is a single deposit into an account with annual compounding and an APR of 7%. Plan B is a single deposit into an account with continuous compounding and an APR of 6.6%. How much does the person need to deposit in each account in order to reach the goal?

The person must deposit $_______into the account for Plan A to reach the goal of $125,000.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92673083

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