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Lorenzo, age 40, is starting his savings plan this year by putting away $1,500.00 at the end of every year until he reaches age 65.
Lorenzo, age 40, is starting his savings plan this year by putting away $1,500.00 at the end of every year until he reaches age 65. He will deposit this money at his local savings and loan at an interest rate of 6%. The future value annuity Interest factor is 54.8645. Based on the information provided by the time Lorenzo turns 65, he will have Neha, age 45, is starting her savings plan this year by putting away $1,500.00 at the end of every year until she reaches age 65. She will deposit this money at her local savings and loan at an interest rate of 6%. The future value annuity interest factor is 36.7856. Based on the information provided by the time Naha turns 65, she will have s Lorenzo started his investment program five years earlier and set aside 5 have accumulated more than Neha. more than Neha. By the time Lorenzo turns 65, he will
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