How much must he invest at the end of each year

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Mr. McNab wants to retire in 20 years and estimates that he'll need $10 million at that time. If his money can earn 4% per year, how much must he invest at the end of each year in order to accumulate his fund? The annual factor is 29.778. A. $29,778 B. $33,582 C. $200,000 D. $335,817 E. $509,000

Reference no: EM131071438

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