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Which calculation would be required to answer the following question: If I save $1,000 each month in my pension account, how much will I have
Which calculation would be required to answer the following question: "If I save $1,000 each month in my pension account, how much will I have in total when I retire?"
a.Future value of an annuity
b.Present value of an annuity
c.Future value of a lump sum
d.Present value of a lump sum
e.Rate of return on an investment
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