Payments are made at the beginning of each year

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Reference no: EM131052981

A saver wants $180,000 after 10 years and believes that it is possible to earn an annual rate of 10 percent on invested funds. What amount must be invested each year if the payments are made at the BEGINNING of each year?

Reference no: EM131052981

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Payments are made at the beginning of each year : A saver wants $180,000 after 10 years and believes that it is possible to earn an annual rate of 10 percent on invested funds. What amount must be invested each year if the payments are made at the BEGINNING of each year?

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