Terry Austin is 30 years old and is saving for her retirement. She is planning |
on making 35 contributions to her retirement account at the beginning of |
each of the next 35 years. The first contribution will be made today |
(t = 0) and the final contribution will be made 34 years from today (t = 34). |
The retirement account will earn a return of 8.2 percent a year. If each |
contribution she makes is $5,493.00 how much will be in the retirement |
account 34 years from now (t = 34)? |
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