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How much will she have in her retirement account

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Question - Jenny is considering opening an IRA in preparation for her retirement. She plans to save $9,500 per year with the first investment made one year from now (at t=1). Her retirement account earns 7% per year on her investments and she plans to retire in 25 years, immediately after making the last (25th) $9,500 investment. How much will she have in her retirement account on the day of her retirement?

Reference no: EM132936455

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