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Joanna Johnson is a 25 year old finance major with an MBA and a Wall Street job that comes with a retirement program as a
Joanna Johnson is a 25 year old finance major with an MBA and a Wall Street job that comes with a retirement program as a benefit. She can afford to put away $200 per month into an SRA (supplemental retirement annuity) that she estimates will earn the average stock market rate of return of 9.60% per year, or 0.80% per month. Joanna figures she will work for another 36 years before retirement
Joanna's SRA will grow to $? at the time of her retirement. (to the nearest dollar). If possible show calculation using BA II Plus calculator
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