How much would expect to have at end of fifteenth year

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Question 1: You are examining whether your savings will be adequate to meeting your retirement needs. You saved ? 15,000 last year, and you expect your annual savings to grow 5% a year for the next 15 years. If you can invest your money at 8%, how much would you expect to have at the end of the fifteenth year?

Reference no: EM132512735

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