Question
Jack plans to fund his retirement by investing $2,000 in a savings at the end of each year for the next 45 years. Assuming Jack
Jack plans to fund his retirement by investing $2,000 in a savings at the end of each year for the next 45 years. Assuming Jack can earn a compounding rate of interest 4.99% annually on his investments, how much will he have saved at the end of 45 years?
What is the simplest way to calculate the using a calculator?
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Personal Finance Turning Money into Wealth
Authors: Arthur J. Keown
8th edition
134730364, 978-0134730363
