Calculate the amount that must be invested at the end of each year at 9.3% compounded annually in order to accumulate $530,000 after: (Do not round intermediate calculations and round your final answers to 2 decimal places.) a. 25 years. $ b. 30 years. $ In each case, also determine what portion of the $530,000 represents earnings on the annual investments. (Round your intermediate calculations and final answers to 2 decimal places.) a. Earnings portion $ b. Earnings portion $

Calculate the amount that must be invested at the end of each year at 9.3% compounded annually in order to accumulate $530,000 after: (Do not round intermediate calculations and round your final answers to 2 decimal places.) a. 25 years. $ b. 30 years. $ In each case, also determine what portion of the $530,000 represents earnings on the annual investments. (Round your intermediate calculations and final answers to 2 decimal places.) a. Earnings portion $ b. Earnings portion $

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 18E

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