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You are planning for retirement 33 years from now. You plan to invest $4,600 per year for the first 9 years, $8,300 per year for
You are planning for retirement 33 years from now. You plan to invest $4,600 per year for the first 9 years, $8,300 per year for the next 9 years, and $14,200 per year for the following 15 years (assume all cash flows occur at the end of each year). If you believe you will earn an effective annual rate of return of 13.0%, what will your retirement investment be worth 33 years from now? Question 9 options: 1) $2,706,470.03 2) $47,952.87 3) $2,395,106.22 4) $54,186.74 5) $1,214,934.40
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