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You want to retire in 3 5 years, and plan to invest in a fund that offers a 9 . 2 % AP You are
You want to retire in years, and plan to invest in a fund that offers a AP You are considering two strategies. Both involve investing $ per year. Assum investments are made at the end of the year.
A Make annual contributions for the first years and then quit making new contributions
B Wait years before making your first contribution and continue contributing until Retirement
How much will you have at retirement if you follow plan A
How much will you have at retirement if you follow plan B
Round your final answers to the nearest dollar.
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A
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