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Louise decides to invest for retirement, beginning with $3,500 this year. She plans to increase the amount she invests each year by 4.5% (each year
Louise decides to invest for retirement, beginning with $3,500 this year. She plans to increase the amount she invests each year by 4.5% (each year she will invest 4.5% more than she invested the prior year). She expects her investments to earn 10.5% annually. After 35 years, how much money will Louise have? $1,649,043.98 $3,125,393.08 $1,064,555.77 $1,555,235.01
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