Saving for retierment, Miley expects to receive the

Saving for retierment

Assignment Help Financial Management

Reference no: EM13725303

Miley expects to receive the following payments: Year 1 = $50,000; Year 2 = $28,000; Year 3 = $12,000. All of this money will be saved for her retirement. If she can earn an average of 10.5 percent on her investments, how much will she have in her account 25 years after making her first deposit?

$1,033,545

$947,509

$772,373

$806,311

$789,457

Reference no: EM13725303

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