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you want to retire in is yours with $1,000,000, How much do your home to invest an a monthly bases Starting today it the rate
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Answer #1
FVAnnuity Due = c*(((1+ i)^n - 1)/i)*(1 + i )
C = Cash flow per period
i = interest rate
n = number of payments
1000000= Cash Flow*(((1+ 12/1200)^(15*12)-1)/(12/1200))*(1+12/1200)
Cash Flow = 1981.86
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