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2) Your bank has just presented a plan: a 5% rate annually until you retire in 40 years. However, you think that interest rates will

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2) Your bank has just presented a plan: a 5% rate annually until you retire in 40 years. However, you think that interest rates will increase over the next year, and one year from today, you will have an opportunity to invest at 5.6% annually. If you plan to invest $16,000 either this year or next year, how much more will you have when you retire if you wait one year to make your investment

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