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At the age of 1 8 , Andy makes a lump - sum investment of $ 2 2 , 0 0 0 in an account

At the age of 18, Andy makes a lump-sum investment of $22,000 in an account that compounds interest quarterly
until he retires at the age shown in the tables below. Fill in the blanks showing how much will be in his account when
he retires. Round answers to nearest hundred dollars and be sure to include the dollar sign in your answers.
To ensure you are on the right track, the answer to 65 years old and 6.5% interest is $455,541.24 which, to the nearest
hundred dollars, rounds to $455,500. Try it, and make sure you get the same answer! (8 pts)
Retirement age 6.50%7.50%8.00%
65 yrs old $455,500
67 yrs old
69 yrs old

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