Suppose you contribute $12,000 yearly to a retirement annuity. How much will you have in 40 years

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Suppose you contribute $12,000 yearly to a retirement annuity. How much will you have in 40 years if that annuity earns 8% real interest, compounded yearly (rounded to the nearest whole dollar).

Posted Date: May 11, 2024 04:53 AM

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Suppose you contribute $12,000 yearly to a retirement annuity. How much will you have in 40 years

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To calculate the future value of the retirement annuity we can use the compound inte... View the full answer

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