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How much would you have in the account at retirement

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Question - Your favorite cup of coffee costs $5.00. You buy one cup every day. Starting tomorrow, you stop buying coffee for the next 40 years until you retire. Instead, every day you deposit the money saved by not buying coffee into an account that pays 9 percent annual interest rate compounded daily. How much would you have in the account at retirement. Assume all years have 365 days.

Reference no: EM133172080

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