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Leave for the wilderness 10 years hence

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You plan on working for 10 years and then leaving for the Alaskan back country. You figure you can save $1,000 a year for the first 5 years and $2,000 a year for the last 5 years. In addition, your family has given you a $5,000 graduation gift. If you put the gift and your future savings in an account paying 8% compounded annually, what will your 'stake' be when you leave for the wilderness 10 years hence?

Reference no: EM132544314

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