Concept of value is difficult to capture in present system

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Reference no: EM131913992

1. The concept of value is difficult to capture in our present system of accounting and finance.

2. Today, December 22, 2017, you decide to plan for your retirement. You determine that you would need to have $2,000,000 on your retirement date forty-five years from today. If you made quarterly deposits that earned an APR of 6.2%, compounded monthly, how much would your first payment (a quarter from today) have to be if you increased your payments by 0.5% per quarter?

Reference no: EM131913992

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