Expected annual return, If your expected annual return is

Expected annual return

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Reference no: EM131949333

You want to begin saving for your retirement. You plan to contribute $12,000 to the account at the end of this year. You anticipate you will be able to increase your annual contributions by 3% each year for the next 45 years. If your expected annual return is 8%, how much do you expect to have in your retirement account when you retire in 45 years?

Reference no: EM131949333

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