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Jack deposits $10000 each year into a savings plan, starting on. his 25th birthday and continuing until he reaches 64 years old ( total 40
Jack deposits $10000 each year into a savings plan, starting on. his 25th birthday and continuing until he reaches 64 years old ( total 40 *10,000 deposits). He plans to withdraw the money when he turns 65. The savings plan earns 7% p.a (effective).
calculate the accumulated balance of the investment at the date jack turns 65 years old.
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