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Your client is 4 0 years old and wants to begin saving for retirement. You advise the client to put Rs . 5 , 0

Your client is 40 years old and wants to begin saving for retirement. You advise the client to put Rs.
5,000 per year into the stock market. You estimate that the markets return will be on average of 12%
a year. Assume the investment will be made at the end of the year. To take advantage of yearly pay
hikes, you also advised your client to increase her yearly investment amount by Rs.1000 over the
previus years amount. How much money will she have by age 65?.

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