Gordon and Lisa estimate that they will need approximately $1300000 in 40 years for their...

60.1K

Verified Solution

Question

Accounting

Gordon and Lisa estimate that they will need approximately $1300000 in 40 years for their regiment years.If they can earn 8% annually on their funds , how much do they need to save annually?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students