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Assume you will retire in 35 years and you start saving $9,000 the first year for retirement. You want to grow your savings by 2.5%

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Assume you will retire in 35 years and you start saving $9,000 the first year for retirement. You want to grow your savings by 2.5% every year to adjust for expected inflation. How much money will you have to save in 4 years for this growing annuity? $8,365.43 $9,900 $10,404 $9,934.32

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