Time Value of Money:

You are saving up for retirement and are able to save $$7,500$ per year.

a$.$ Suppose you can earn $7\mathrm{.}5\%$ on your investment. How much will you have after $30$ years?

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b$.$ How much would you have if you work for an additional $5$ years?

c$.$ How much will you have to save per year to earn same amount in $30$ years, instead of $35?$

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