Question: please help A couple thinking about retirement decide to put aside $19,000 each year in a savings plan that earns 10.30% interest. In 9 years
A couple thinking about retirement decide to put aside $19,000 each year in a savings plan that earns 10.30% interest. In 9 years they will receive a gift of $80,000 that also can be invested. a. How much money will they have accumulated 16 years from now? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Accumulated savings b. If their goal is to retire with $1,144,802 of savings, how much extra do they need to save every year? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Additional savings $ per year
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