4. Annual Earnings. Jose and Gabriela Perez, of Bridgewater, Virginia, hope to sell their large...
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4. Annual Earnings. Jose and Gabriela Perez, of Bridgewater, Virginia, hope to sell their large home for $380,000 and retire to a smaller residence valued at $150,000. After they sell their property, they plan to invest the $200,000 in equity remaining after selling expenses and earn a 4 percent after-tax return. Approximately how much will this nest egg be worth in five years when they retire?
| N | 5 |
| I/Y | 4 |
| PV | -200,000 |
| PMT | 0 |
| FV | CPT |
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