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your strange neighbor from down the Street heard that you were on! adviser and asked for you advice. He wants to retire in Ho years
your strange neighbor from down the Street heard that you were on! adviser and asked for you advice. He wants to retire in Ho years and has herer contributed a revirement plan. A) I he comin butes 7,500 at the end of each year for 40 years. neturn and the 8% per In on his investment is. year I how much money will be This accant when he is ready per retirement? (B) If your strange neighbor wanted in his accant and wanted to to have 5,000,000 When he retires Invest at the end haw much 3 of each year. wald he have to inves per year assuming SHOW arche return of 10%? Show your work
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