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What will retirement investment be worth thirty-four years

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Reference no: EM132912851

Problem 1: You are planning for retirement 34 years from now. You plan to invest $5,300 per year for the first 9 years, $8,600 per year for the next 13 years, and $10,000 per year for the following 12 years (assume all cash flows occur at the end of each year). If you believe you will earn an effective annual rate of return of 12.1%, what will your retirement investment be worth 34 years from now?

Reference no: EM132912851

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