Sharon is planning for her retirement 34 years from now. She plans to invest $5,600 per...
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Sharon is planning for her retirement 34 years from now. She plans to invest $5,600 per year for the first 7 years, $7,800 per year for the next 11 years, and $14,000 per year for the remaining 16 years. All of the investments will be made at the end of the year. If Sharon can earn 10% annual return on her investments, what will her retirement fund amount to at the end of 34 years? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 2 decimal places, e.g. 458,581.25.) Click here to view factor tables Amount of retirement fund $ Save for Later 68 0 SA P Attempts: 0 of 1 used Submit Answer A Sharon is planning for her retirement 34 years from now. She plans to invest $5,600 per year for the first 7 years, $7,800 per year for the next 11 years, and $14,000 per year for the remaining 16 years. All of the investments will be made at the end of the year. If Sharon can earn 10% annual return on her investments, what will her retirement fund amount to at the end of 34 years? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 2 decimal places, e.g. 458,581.25.) Click here to view factor tables Amount of retirement fund $ Save for Later 68 0 SA P Attempts: 0 of 1 used Submit Answer A
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