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You would tike to start saving for fetirement. Assuming you are now 20 years old and want to retire at age 60 , you have

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You would tike to start saving for fetirement. 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 12% per year over the past 80 years and is expected to continue at this rate. You decide to invest $1,000 at the end of each year for the next 40 years. Required: Calculote how much your accumulated investment is expected to be in 40 years. Note: Use tables, Excel, or a financial calculator. Round your answer to 2 decimal places. (EV of S1. PV of \$1. EVA of S1, and PVA. of \$1)

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