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You want to save some money for retirement. In order to accomplish your goal, you have decided that you will put $25,000 in the bank
You want to save some money for retirement. In order to accomplish your goal, you have decided that you will put $25,000 in the bank at the beginning of each of the next 10 years. The bank has agreed to pay you 8 percent nominal interest compounded annually. How much money will you have in the bank 10 years from today? A. $362,164.06 B. $391,137.19 C. $250,000.00 D. $53,973.12 E. $181,172.20
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