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skad [1K]
3 years ago
11

Assume that your parents wanted to have $120,000 saved for college by your eighteenth birthday and they started saving on your f

irst birthday. They saved the same amount each year on your birthday and earned 9% per year on their investments.
a. How much would they have to save each year to reach their​ goal?
b. If they think you will take five years instead of four to graduate and decide to have $ 160 comma 000$160,000 saved just in​ case, how much would they have to save each year to reach their new​goal?
Business
1 answer:
Marrrta [24]3 years ago
6 0

Answer:

740.74

Explanation:

you take 120,000 and divide it by 18 years then you divide it by 9%

and b is 987.65

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According to the given question, the Given example is best illustrating the reactive change concept as it is necessary for the employees of the company. Therefore, reactive change is the correct answer.  

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3 years ago
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Answer:

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3 years ago
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Answer:

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