Suppose you start saving for retirement by depositing $4,000 EVERY YEAR into your retirement account. If your
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Question:
Suppose you start saving for retirement by depositing $4,000 EVERY YEAR into your retirement account. If your annual return is 8%, how much will you have in 45 years? How much would you have if all deposits were made on the FIRST of the year (as opposed to the last day of the year)?
Related Book For
Corporate Finance
ISBN: 978-0071339575
7th Canadian Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Ro
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