Perform the subsequent retirement calculation

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Reference no: EM13101854

Perform the subsequent retirement calculation: An employee works at the local hamburger restaurant for 40 years as well as never earns more than minimum wage which is $12,000 a year. But this employee is able to save 6% or $720 per year. Over the 40-year period the employee's investments average 8% interest per year. How much will the employee have in his or else her retirement account at the end of the 40 years? What are your opinions regarding this sum?

Reference no: EM13101854

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