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Determining the budget and determined

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1. Assume that you completed your budget and determined you could invest $250 at the end of every month. Assuming you could earn 6% on an annual basis, how much would you have at the end of 10 years, 20 years and 30 years.

2. Assume you contribute the maximum $5,500 to an ira on December 31st of each year. How much would it grow to at the end of 40 years if you earned 6% annually.

Reference no: EM131640429

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