What do you expect to have at the end of the year

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Question - You are examining whether your savings will be adequate to meeting your retirement needs. You saved K1,500 last year and you expect annual savings for the next 15 years. You expect your annual savings to grow 5% a year. If you can invest your money at 8%, what do you expect to have at the end of the 15th year?

Reference no: EM132800886

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