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Your client is 45 years old , and she wants to begin saving for retirement , with the first payment to come one year from
Your client is 45 years old , and she wants to begin saving for retirement , with the first payment to come one year from now . She can save $8,000 per year , and you advise her to invest it in securities which you expect to provide an average annual return of 8 percent . If she follows your advice , how much money would she have at age 65?
a. $ 395,383.37
b. 366,095.71
c. $745,753.14
d. $172.800.00
e. $37,287.66
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