How much must you invest each year to have

Reference no: EM133665298

Problem: You are working for Humdrum Corp. You are so bored, you want to start your own business. A new business takes money, so you start a 5-year plan. At an interest rate of 9 percent per year, how much must you invest each year (equal amounts beginning next year) to have $85,000 in your new business fund in 5 years?

Reference no: EM133665298

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