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Kosta is 20 years old now, and he plans to fund his retirement account, beginning 10 years from now with 30 annual deposits of $1400.

Kosta is 20 years old now, and he plans to fund his retirement account, beginning 10 years from now with 30 annual deposits of $1400. Suppose he can earn an annual compound rate of 12 percent on his deposits. What is the amount that will be found in his retirement account upon retirement?

Answer for part 1

WHAT IS THE VALUE OF HIS RETIREMENT TODAY?

Answer for part 2

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