Business, 09.11.2020 17:00 bnnn

A young engineer wishes to become a millionaire by the time she is 65 years old. She plans to make annual deposits, beginning on her 25th birthday and continuing through her 64th birthday. Assume that she can obtain a 8% rate of return per year. How much should each annual deposit be?

a. $2160
b. $2675
c. $3110
d. $3575

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A young engineer wishes to become a millionaire by the time she is 65 years old. She plans to make a...

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