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Lindsay is 25 years old and has a new job in web development. She wants to make sure that she is financially sound in 30
Lindsay is 25 years old and has a new job in web development. She wants to make sure that she is financially sound in 30 years, so she plans to invest the same amount into a retirement account at the end of every year for the next 30 years.
(a) | Construct a data table in Excel that will show Lindsay the balance of her retirement account for various levels of annual investment and return. If Lindsay invests $10,000 at return of 6%, what would be the balance at the end of 20th year in the account? |
If required, round your answers to two decimal places. |
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