You want to save for retirement. Assuming you are now 20 years old and you want...

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You want to save for retirement. Assuming you are now 20 years old and you want to retire at agee 50, you have 30 years to wa

business accounting

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Answer 1

Answer #1

Amount after 30 years = Future value of amount deposited today

= 1000*FVF(10%, 30 years)

= 1000*17.4494

= $17,449.4

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Answer 2

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