Question: Paula will start saving for retirement in 5 years from today by making equal annual deposits of $9,538 into a retirement account with her first
Paula will start saving for retirement in 5 years from today by making equal annual deposits of $9,538 into a retirement account with her first payment made 5 years from today and her last payment 25 years form today. She will also deposit 19,585 in 8 years and 10,058 in 15 years that she will receive from other existing investments. If Paula want to retire in 25 years from today and can earn 4.10% on savings then how much will she have saved when she retires?
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