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Danielle Ryan, a 2 5 - year - old personal loan officer at Second National Bank, understands the importance of starting early when it comes
Danielle Ryan, a yearold personal loan officer at Second National Bank, understands the importance of starting early when it comes to saving for retirement. She has designated $ per year for her retirement fund and assumes she'll retire at age
a How much will she have if she invests in CDs and similar money market instruments that earn percent on average? Round your answer to the nearest dollar.
$
b How much will Danielle have accumulated when she turns if she invests in equities and earns percent on average? Round your answer to the nearest dollar.
$
c Danielle is urging her friend, Jerry Cunningham, to start his plan right away because he's What would his nest egg amount to if he invested in the same manner as Danielle and he too, retires at age Round your answer to the nearest dollar.
Nest egg amount at $
Nest egg amount at $
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