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Terry Austin is 30 years old and is saving for her retirement. She is planningon making 30 contributions to her retirement account at the beginning
Terry Austin is 30 years old and is saving for her retirement. She is planningon making 30 contributions to her retirement account at the beginning ofeach of the next 30 years. The first contribution will be made today(t = 0) and the final contribution will be made 29 years from today (t = 29).The retirement account will earn a return of 7 percent a year. If eachcontribution she makes is $3,757.00 how much will be in the retirementaccount 30 years from now (t = 30)
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