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On Juan's 26 th birthday, he invested $8,500 in a retirement account. Each year thereafter, he deposited 8% more than the previous deposit. The account
On Juan's 26 th birthday, he invested $8,500 in a retirement account. Each year thereafter, he deposited 8% more than the previous deposit. The account paid annual compound interest of 3%. How much was in the account immediately after his 35 th deposit? Round your answer to the nearest dollar. The tolerance is \pm 5 . F=$ Please view the following video before answering this question. Video Solution: 02.05-PR022/023/024 Click here to access the TVM Factor Table Calculator If Juan decided to wait 10 years before investing for retirement, how much would he have to invest on his 36 th birthday to have the same account balance on his 60th birthday? Round your answer to the nearest dollar. The tolerance is \pm 5
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