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You would like to start saving for retirement. Assuming you are now 20 years old and want to retire at age 60 , you have
You would like to start saving for retirement. Assuming you are now 20 years old and want to retire at age 60 , you have 40 years to watch your investment grow. You decide to invest in the stock market, which has eamed about 9% per year over the past 80 years and is expected to continue at this rate. You decide to invest $2.000 at the end of each year for the next 40 years. Required: Calculate how much your accumulated investment is expected to be in 40 years Note: Use tables, Excel, or a financiol colculotor. Round your onswer to 2 decimal ploces. (EV of \$1. PV of S1, FVA of S1, and PVA of SD
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