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You are planning to retire in 10 years (i.e., the end of the 10th year from now). You currently (t=0) have $470,000 in a stock
You are planning to retire in 10 years (i.e., the end of the 10th year from now). You currently (t=0) have $470,000 in a stock account. If the stock account earns a return of 9.25 percent per year over the next 10 years, how much will you have in the stock account when you retire? You will not be making any additional deposits to this account during this ten-year period.
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