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What amount has accumulated for retirement

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Reference no: EM132162397

Question - A certificate of deposit has a nominal interest rate of 10%. If interest is compounded quarterly, what amount has accumulated for retirement at age 65 if $10,000 is deposited at:

(a) Age 25?

(b) Age 35?

(c) Age 45?

(d) Age 55?

Reference no: EM132162397

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