An engineer who believes in save now; play laterwants to

Chapter 2, Problem 2.71

(choose chapter or problem)

An engineer who believes in save now; play laterwants to retire in 30 years with $2.0 million. At 8%per year interest, the amount the engineer will haveto invest each year (starting in year 1) to reach the$2 million goal is closest to:(a) $17,660 (b) $28,190(c) $49,350 (d) $89,680

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