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Lifetime savings accounts, known as LSAS, allow people to invest after-tax money without being taxed on any of the gains. If an engineer invests
Lifetime savings accounts, known as LSAS, allow people to invest after-tax money without being taxed on any of the gains. If an engineer invests $18,000 now and $18,000 each year for the next 16 years, how much will be in the account immediately after the last deposit, provided the account grows by 9% per year? After the last deposit, the balance in the account will be $1
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Human Resource Management
Authors: John Ivancevich, Robert Konopaske
12th edition
9780077496906, 78029120, 77496906, 978-0078029127
