Business
Business, 17.09.2019 20:00, taytay2912

(calculating annuity payments) the aggarwal corporation needs to save $10 million to retire a $10 million mortgage that matures in 10 years. to retire this mortgage, the company plans to put a fixed amount into an account at the end of each year for 10 years. the aggarwal corporation expects to earn 9 percent annually on the money in this account. what equal annual contribution must the firm make to this account to accumulate the $10 million by the end of 10 years?

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