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7. You expect to be able to save $10,000 per year for the next 20 years for retirement. Assuming you will earn 8%, how much w
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Ans 7) $ 457619.64

P = Periodic payments
r = rate of interest
n = no of years
Future Value of Annuity = P ( (1 + r)n - 1 ) / r
10000* ((1 + 8%)^20 - 1) / (8%)
457619.64

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