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ant to retire in 20 years, and plan to invest in a fund that offers a 9.1% APR. re considering two strategies. Both involve investing $2,500 per year. Assume all ments are made at the end of the year. ake annual contributions for the first 10-years and then quit making new contributions. 'ait 10-years before making your first contribution and continue contributing until retirement. nuch will you have at retirement if you follow plan (A)? nuch will you have at retirement if you follow plan (B)? d your final answers to the nearest dollar. Blank # 1 Blank # 2 A | ant to retire in 20 years, and plan to invest in a fund that offers a 9.1% APR. re considering two strategies. Both involve investing $2,500 per year. Assume all ments are made at the end of the year. ake annual contributions for the first 10-years and then quit making new contributions. 'ait 10-years before making your first contribution and continue contributing until retirement. nuch will you have at retirement if you follow plan (A)? nuch will you have at retirement if you follow plan (B)? d your final answers to the nearest dollar. Blank # 1 Blank # 2 A |
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