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Will she have enough to buy her cabin

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Question - Leon wants to buy a mountain cabin for her retirement. Leon recently came into an inheritance of $430,000. She estimates that the cabin she wants will cost $___________ when she retires in 5 years. If she is able invest her inheritance to earn an annual rate of 9% (compounded annually), will she have enough to buy her cabin?

Reference no: EM132625584

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