How much retirement money would be in the account

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A pleasant gentleman has advised you via email that you are entitled to a $1 million inheritance. Putting specifics aside, you start to ponder the retirement nest-egg this could help you accumulate over the next 30 years. As a diligent finance student you do some research and find that the money can be invested into an account paying a fixed 4% rate, compounded quarterly. How much retirement money would be in the account after 30 years? (round to nearest dollar)

Reference no: EM132371602

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