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Harry is 30 years old. He has asked you to calculate what he will have at retirement, age 70. He estimates he can save $1,000
Harry is 30 years old. He has asked you to calculate what he will have at retirement, age 70. He estimates he can save $1,000 a month (assume end of month payment). Calculate based on 4 different interest rates: 3%, 4%, 6%, 9% to see what Harry's savings will be at retirement. Have fun, i.e., perhaps choose a different monthly amount so you can provide him additional options
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