Question: Suppose you start saving for retirement when you are 3 1 years old. You itivest $ 4 , 5 0 0 the trst year and
Suppose you start saving for retirement when you are years old. You itivest $ the trst year and lincrease this ambuht by each year to match inflation for a total of years. The interest rate is per year.
How much will you heve in socount immediately affer making the last deposit at age
A $
B $
C $
D $
How much will you have, if the interest rate was onily per year instead of
A $
B $
C $
D $
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