Calculate the amount of money he will have in the account

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Point 1: Talat invests TL 12.500 today into a retirement account that this is the only deposit he makes into the account. He expects to earn 8% compounded interest per year, on his money for the next 26 years. After that, he expects to earn 6% compounded semiannually interest rate per year for another 12 years.

Question1 : Calculate the amount of money he will have in his account when he retires 38 years from now

Reference no: EM132506150

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