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You are a new employee with the Metro Daily Planet. The Planet offers three different retirement plans. Plan 1 starts the first day of work
You are a new employee with the Metro Daily Planet. The Planet offers three different retirement plans. Plan starts the first day of work and puts $ comma away in your retirement account at the end of every year for years. Plan starts after years and puts away $ comma every year for years. Plan starts after years and puts away $ comma every year for the last years of employment. All three plans guarantee an annual growth rate of
aWhich plan should you choose if you plan to work at the Planet for years
b Which plan should you choose if you plan to work at the Planet for only the next years
c Which plan should you choose if you plan to work at the Planet for only the next years
d Which plan should you choose if you plan to work at the Planet for only the next years
e What do the answers in partsa throughd imply about savings?
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