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Q 3 . You are planning to save $ 3 , 7 5 0 at the end of each year for the next 3 2

Q3. You are planning to save $3,750 at the end of each year for the next 32 years. Assuming a 5.3% return, how much will you have at the end of the 32 years? example of solved question:
If 5293 is to be saved each year(1),then plus 10.1% return;
therefore; calculate the amount of 1year,and then multiply by the number of years
$5293*((1+.101)^14)= $109,609.48
I will have $109,609.48 at the end of the 14 years

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