You are planning to save $3,750 at the end of each year for the next 32years. Assuming

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You are planning to save $3,750 at the end of each year for the next 32years. Assuming a 5.3% return, how much will you have at the end of the 32 years?

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Using Excel & Access for Accounting 2010

ISBN: 978-1111532673

3rd edition

Authors: Glenn Owen

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Posted Date: Mar 26, 2024 02:12 AM

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You are planning to save $3,750 at the end of each year for the next 32years. Assuming

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Expert Answer:

To calculate the future value of a series of equal annual investments we can use the formula for the future value of an ordinary annuity The formula is FV P 1 rn 1 r Where FV Future Value P Annual investment ... View the full answer

Using Excel & Access for Accounting 2010

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