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Nikola just turned 41 years old and is planning to retire at age 65 . She has already saved $205,000.00 in her RASP. If she

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Nikola just turned 41 years old and is planning to retire at age 65 . She has already saved $205,000.00 in her RASP. If she continues to contribute $450.00 at the beginning of every month, how much money will be in her RASP at retirement if it can earn 9.2% compounded monthy? No deposit is made the day she turns 65 . a. Use the compound interest formula, FV=PV(1+i)N, to find the future value of the current amount in the investment. At retirement, the $205,000.00 will have grown to b. Determine the annuity type. Ordinary Simple Annuity Ordinary General Anuity Simple Annuity Due General Annuity Due c. Identify the following pleces of information to be used to calculate the future value of the annuify. Periodic Payment: PMT= Number of Payments per Year PY = Total Number of Payments: N= Annual interest Rate: r= Number of Compoundinas per Year: CY= d. Dotermine the total value of the irvestment at retirement (ncorporating your answer from part a. abovel

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