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Marsha wants to be able to build a house in 3 0 years. Taking into account inflation, she will need to have $ 3 5
Marsha wants to be able to build a house in years. Taking into account inflation, she
will need to have $ when she starts construction. She is earning great
money working as a controller and plans to continue for another years. While
she is working, she wants to contribute each year to a savings account and knows
that she can earn interest. When she retires, she will no longer make any
contributions but will earn an interest rate of investing in a certificate of
deposit for the remaining years. How much should she contribute each year
before retirement in order to have the $ when she is ready to build?
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