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Financial analysts recommend investing 1 5 % to 2 0 % of your annual income in your retirement fund to reach a replacement rate of

Financial analysts recommend investing 15% to 20% of your annual
income in your retirement fund to reach a replacement rate of 70%
of your income by age 65. This recommendation increases to almost
30% if you start investing at 45 years old. Mallori Rouse is 28
years old and has started investing $4,500 at the end of each year
in her retirement account. How much will her account be worth in 20
years at 12% interest compounded annually? How much will it be
worth in 30 years? What about at 40 years? How much will it be
worth in 50 years? (Please use the following provided Table 13.1.)
(Do not round intermediate calculations. Round your answers to the
nearest whole dollar amount.) Future value after 20 years $ Future
value after 30 years $ Future value after 40 years $ Future value
after 50 years $

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