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18 Marvin plans to retire on his 65th birthday. However, he plans to work part-time until he turns 72. During these years of part-time work,
18
Marvin plans to retire on his 65th birthday. However, he plans to work part-time until he turns 72. During these years of part-time work, he will neither make deposits to nor take withdrawals from his retirement account. He will fully retire on his 72nd birthday. If he deposits $ each year on his birthday starting on his 34th birthday, he will have $2,120,000 in his account on his 72nd birthday. Assume an 4.00% interest rate. 1) 25,854.71 2) 25,770.35 3) 26.178.37 4) 25,935.98 5) 25,693.59 Step by Step Solution
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