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SOLVE iT MANUALLY STEP BY STEP NOT IN EXCEL year? Your client is 40 years old and wants to begin saving for retirement. You advise

image text in transcribedSOLVE iT MANUALLY STEP BY STEP NOT IN EXCEL

year? Your client is 40 years old and wants to begin saving for retirement. You advise the client to put $5,000 a year into the stock market. You estimate that the market's return will be, on average, 12 percent a year. Assume the investment will be made at the end of the year. a. If the client follows your advice, how much money will she have by age 65? b. How much will she have by age 70

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