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Sunny_sXe [5.5K]
3 years ago
11

Your sister just deposited $13,000 into an investment account. She believes that she will earn an annual return of 10.3 percent

for the next 10 years. You believe that you will only be able to earn an annual return of 9.4 percent over the same period. How much more must you deposit today in order to have the same amount as your sister in 10 years
Business
1 answer:
omeli [17]3 years ago
6 0

Answer:

146,640

13,000×9.4%=1,222

1,222×120=146,640

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