Alison is currently 35 years old. on alison's 21 birthday, she started saving $2000 per year. she saved for 15 years and made her last deposit of $2000 on her 35th birthday. throughout this 15-year period, she earned 6% on her savings. for the next 30 years (ages 35-65), her money will grow at 3% interest. approximately, how much will she have in her savings account on her 65th birthday, that is, 30 years after making her last deposit? (hint: the answer requires two time value of money calculations.) group of answer choices
a. $35,000b. $55,000c. $110,000d. $135,000e. $175,000
Answers: 2
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Alison is currently 35 years old. on alison's 21 birthday, she started saving $2000 per year. she sa...
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