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You are trying to pay for retirement in 10 years, and currently you have $150,000 in savings account and $300,000 in stocks. In addition, you
- You are trying to pay for retirement in 10 years, and currently you have $150,000 in savings account and $300,000 in stocks. In addition, you plan on adding to your savings by depositing $10,000 per year in your saving account at the end of each of the next 10 years. Assuming your savings and stock accounts return 7% compound annually, how much will you have at the end of 10 years?
***Please use financial calculator and write down the steps to get the answer***
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