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1 make sure you round and highlight answer You want to save for retirement. Assuming you are now 25 years oid and you want to
1 make sure you round and highlight answer
You want to save for retirement. Assuming you are now 25 years oid and you want to retire ot age 55 , you have 30 years to watch your investment grow. You decide to invest in the stock market, which has earned about 13% per year over the past 80 years and is expected to continue at this rate. You decide to invest $2,000 today. Required: How much do you expect to have in 30 years? (EV of \$1. PV of \$1. EVA of \$1, and PVA of \$1) (Use tables, Excel, or a finanelat calculator. Round your answer to 2 decimal places.) Step by Step Solution
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