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Suppose you plan to save $6,000 at the end of each coming year for the next 28years from now for retirement. The interest rate is

Suppose you plan to save $6,000 at the end of each coming year for the next 28years from now for retirement. The interest rate is 10%, 



How much will you have 28 years from now?

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To calculate the future value of an annuity we can use the following formula FV PMT x 1 rn 1 ... blur-text-image

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