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A. A couple thinking about retirement decide to put aside $2,500 each year in a savings plan that earns 8% interest. In 5 years they
A. A couple thinking about retirement decide to put aside $2,500 each year in a savings plan that earns 8% interest. In 5 years they will receive a gift of $25,000 that also can be invested. B. How much money will they have accumulated 30 years from now? C. If their goal is to retire with $750,000 of savings, how much extra do they need to save every year?
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