Business, 02.07.2020 18:01, cascyrio2002

Today is your 20th birthday, and your parents just gave you $5,000 that you plan to use to open a stock brokerage account. You plan to add $500 to the account each year on your birthday. Your first $500 contribution will come one year from now on your 21st birthday. Your 45th and final $500 contribution will occur on your 65th birthday. You plan to withdraw $5,000 from the account five years from now on your 25th birthday to take a trip to Europe. You also anticipate that you will need to withdraw $10,000 from the account 10 years from now on your 30th birthday to take a trip to Asia. You expect that the account will have an average annual return of 12%. How much money do you anticipate that you will have in the account on your 65th birthday, following your final contribution

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Today is your 20th birthday, and your parents just gave you $5,000 that you plan to use to open a st...