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Exercise C - 1 1 ( Static ) Calculate the future value of an annuity ( LO C - 4 ) You would like to
Exercise CStatic Calculate the future value of an annuity LO C
You would like to start saving for retirement. Assuming you are now years old and you want to retire at age you have years to watch your investment grow. You decide to invest in the stock market, which has earned about per year over the past years and is expected to continue at this rate. You decide to invest $ at the end of each year for the next years.
Required:
Calculate how much your accumulated investment is expected to be in years. FV of $ PV of $ FVA of $ and PVA of $Use tables, Excel, or a financial calculator. Round your answer to decimal places.
Accumulated investment amount
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