Tonya wants to establish an account that will supplement her retired income beginning 20 years from now . Find the lump sum she must deposit today so that 50000 will be available at time of retirement, if the interest rate is 6% compounded quarterly

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28-06-2024
Mathematics

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Tonya wants to establish an account that will supplement her retired income beginning 20 years from now . Find the lump sum she must deposit today so that 50000 will be available at time of retirement, if the interest rate is 6% compounded quarterly

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