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How much money will have when sixty-five years old

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A 20-year-old student wants to save $3 a day for her retirement. Every day she places $3 in a drawer. At the end of the year, she invests the accumulated savings ($1,095) in a brokerage account with an expected annual return of 12%.

Problem 1: How much money will she have when she is 65 years old?

Reference no: EM132832899

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