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You are planning to save $3,750 at the end of each year for the next 32years. Assuming a 5.3% return, how much will you have

You are planning to save $3,750 at the end of each year for the next 32years. Assuming a 5.3% return, how much will you have at the end of the 32 years?

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To calculate the future value of a series of equal annual investments we can use the formula for the future value of an ordinary annuity The formula is FV P 1 rn 1 r Where FV Future Value P Annual investment ... blur-text-image

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