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Your client is 136 years old. She wants to begin saving for retirement, with the first payment to come one year from now. She can
Your client is 136 years old. She wants to begin saving for retirement, with the first payment to come one year from now. She can save $19000 per year, and you advise her to invest it in the stock market, which you expect to provide an average return of 10% in the future.
a) If she follows your advice, how much money will she have at 175?
b) How much will she have at 180?
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