1. Irene plans to save and invest annually, for the next 20 years, as follows:
Years 1-5: $3,500 per year
Years 6-7: $0 because she will take leave from work to get an MBA
Years 8-20: $5,000 per year
If she can earn 6% per year, and her contributions are made at the beginning of the years, how
much money will she have at the end of 20 years?

Answer rating: 100% (QA)

To calculate how much money Irene will have at the end of 20 years we can break down her savings and ... View the full answer