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Now its time for you to practice what youve learned. Suppose that Charles is 35 years old and has no retirement savings. He wants to
Now its time for you to practice what youve learned. Suppose that Charles is 35 years old and has no retirement savings. He wants to begin saving for retirement, with the first payment coming one year from now. He can save $8,000 per year and will invest that amount in the stock market, where it is expected to yield an average annual return of 4.00% return. Assume that this rate will be constant for the rest of hiss life. Charles
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