What is the amount of the payments that Ned Winslow must make at the end of each of 8 years to...

Question

What is the amount of the payments that Ned Winslow must make at the end of each of 8
years to accumulate a fund of $90,000 by the end of the 8th year, if the fund earns 8%
interest, compounded annually?
Solution:
Let the amount of payments made each year be P.
Therefore,

...

Robert · Accepted Answer

What is the amount of the payments that Ned Winslow must make at the end of each of 8 
years to accumulate a fund of $90,000 by the end of the 8th year, if the fund earns 8% 
interest, compounded annually? 
Solution: 
Let the amount of payments made each year be P.
Therefore,

What is the amount of the payments that Ned Winslow must make at the end of each of 8 years to accumulate a fund of $90,000 by the end of the 8th year, if the fund earns 8% interest, compounded...

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