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Jacqueline, age 43, has saved $200,000 towards retirement at age 68. a. If she is invested at an average rate of return of 5.00% per
Jacqueline, age 43, has saved $200,000 towards retirement at age 68. a. If she is invested at an average rate of return of 5.00% per year, how long will it take for the account balance to grow into $1,000,ooo? (Assume she makes no further withdrawals or deposits into the account). b. What do you think her are her options if she doesnt reach her goal by age 68?
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