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a) You save $10,000 in an account today (t=0). In addition, you save $5000 one year from today and then continue saving each year thereafter

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a) You save $10,000 in an account today (t=0). In addition, you save $5000 one year from today and then continue saving each year thereafter until 40 years from today (t=1 to t=40) when you will retire. (rate is 10% per year) Draw a time line to depict these cash flows. What is the future value of your savings 40 years from today (t=40) when you retire? 1:57 PM //

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