You are expecting to start savings for retirement in the following way: Assume it is time 0 and in exactly 1 year, you are going to put $2500 in your Individual Retirement Account, and repeat that for 24 years. At year 25, you are going to put a total of $3500 (Original $2500 + $1000 more) until year 35. How much will you have in your account after you retire at year 35 if your constant interest rate is 9.5% right after the last payment?
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You are expecting to start savings for retirement in the following way: Assume it is time 0 and in e...
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