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you are concerned about whether your savings and investments are adequate to meet your retirement needs....

you are concerned about whether your savings and investments are adequate to meet your retirement needs. last year you saved $1,500 and believe you can increase that at 5% per annum for the next 15 years. assuming you can achieve an 8% return on your investments, how much would you accumulate by the end of the 15th year?
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Answer #1

at the end of 15 th year,the account balance will be $50,035.01

Calculations are done in excel

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