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QUESTION 9 You have forty years until you retire. Today you have no investments. At the end of the vear, you will make the fi
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Answer #1

Ans $ 1517961.91

P = Periodic payments
r = rate of interest
n = no of years
Future Value of Annuity = P ( (1 + r)^n - 1 ) / r
7410* ((1 + 7.1%)^40 - 1) / (7.1%)
1517961.91
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