You plan to retire after 16 years. To provide for that retirement, you initiate a savings program

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You plan to retire after 16 years. To provide for that retirement, you initiate a savings program of $7000 per year in an investment yielding 8 percent.What will the value of the retirement fund be at the beginning of the seventeenth year?

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Personal Finance

ISBN: 9781439039021

10th Edition

Authors: E Thomas Garman, Raymond E Forgue

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