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E9-19 (Algo) Calculating a Retirement Fund LO 9.7 You are a financial adviser working with a client who wants to retire in elght years. The

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E9-19 (Algo) Calculating a Retirement Fund LO 9.7 You are a financial adviser working with a client who wants to retire in elght years. The client has a savings account with a local bank that pays 7% annual interest. The client wants to deposit an amount that will provide her with $1006.500 when she retires. Currently, she has $302.200 in the account. (FV of $1. PV of $i. FVA of $, and PVA of $i) (Use the appropriate factor(s) from the tables provided.) How much additional money should she deposit now to provide her with $1,005,500 when she retires? (Round your answer to nearest whole dollar) Answer is complete but not entirely correct. Additional deposit amount 5 885.210%

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