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Question 4 (a) Mr Keegan is aware of the high cost of retirement in Singapore and plans to save more as his income grows in f

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Answer #1

Future Value = 1,500(1.04)4 + 1,800(1.04)3 + 2,100(1.04)2 + 2,400(1.04) + 2,700

Future Value = $11,246.90

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