Rockey7374 Rockey7374

25-01-2024
Business

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You wish to save $500,000 in the next 25 years. You notice that a corporate bond fund earns about 11 percent per year and that is where you put your savings. How much must you save each year to obtain your goal?
a. $20,000.00
b. $ 3,749.98
c. $ 4,370.13
d. $ 2,000.00

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