1. Irene plans to save and invest annually, for the next 20 years, as follows: Years 1-5:...
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Question:
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?
Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0134730363
8th edition
Authors: Arthur J. Keown
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