Today is your 22nd birthday and you have just started your first job out of college. You

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Today is your 22nd birthday and you have just started your first job out of college. You decide that you will put $10,000 into a retirement account every year on your birthday until you retire. The first $10,000 deposit will happen on your 23rd birthday (in one year from today) and your last deposit will be when your 65th You plan to retire on your 65th birthday.

If your investment earns an 8.5% annual return, how much will you have saved up when you retire?

Related Book For answer-question

Business Communication

ISBN: 978-1439080153

8th edition

Authors: Buddy Krizan, Patricia Merrier, Joyce P. Logan, Karen Schneiter Williams

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Posted Date: Oct 08, 2020 05:47 PM

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Today is your 22nd birthday and you have just started your first job out of college. You

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Business Communication

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