You will retire 4 years from today. At retirement you need to pay $ 1 0 0
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Question:
You will retire years from today. At retirement you need to pay $ and then after a year $ and finally two years after that or on the end of the seventh year from today a final $
to buy an apartment in a continuing care facility. You have saved today $ and you plan to save $ next year and then $ each year until and including the year of your retirement.
The interest rate is percent per year. Will you have enough money saved for your purchase?
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