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Answer Question 5 (1 point) You decide to begin saving for your retirement. Each month you will deposit $400 in to an account
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Answer #1

Requrirement 1 (Question 1):-

The amount of money that i will have 6 years from now is calculated as follows:-

Future value of an annuity payment = Periodic payments * FVIFA (10%, 72 periods)

Future value of an annuity payment = $400 * 9,545.9382

Future value of an annuity payment = $3,818,375.28

Future value of an annuity payment = $3,818,375(Rounded)

Kindly note that i have answered the first question per the HOMEWORKLIB RULESs. Request you to post the remaining question separately so that we can answer them as well. All the best and please let me know if you have any questions via the comments section .

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