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I am investing $50,000 right now and will add $8,000 each year for the next 10 years. The expected return of this investment is 6.5%
I am investing $50,000 right now and will add $8,000 each year for the next 10 years. The expected return of this investment is 6.5% per year.
Compute the amount expected at the end of the tenth year if the expected return becomes 3.25% compounded semi-annually and you contribute $4,000 every six months instead of $8,000 every year.
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