Repeat Problem 56 using your own age. Data from Problem 56 You want to retire at age
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Repeat Problem 56 using your own age.
Data from Problem 56
You want to retire at age 65 . You decide to make a deposit to yourself at the end of each year into an account paying 3\%, compounded annually. Assuming you are now 25 and can spare \(\$ 1,200\) per year, how much will you have when you retire at age 65 ?
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