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10. Using Time Value of Money for Retirement Planning. Carla Lopez deposits $3.000 a year into her retirement account. If these funds have an average

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10. Using Time Value of Money for Retirement Planning. Carla Lopez deposits $3.000 a year into her retirement account. If these funds have an average earning of 8 percent over the 40 years until her retirement, whatwl be the value of her retirement account? 11. Calculating the Value of Reduced Spending. If a person spends $10 a week on coffee (assume $500 a year), what would be the future value of that amount over 10 years if the funds were deposited in an account earning 4 percent

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