Ale thinking about retirement decide to put aside $3,700 each year in a saving plan...
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Ale thinking about retirement decide to put aside $3,700 each year in a saving plan that earms. Trest in a gift of $17,000 that also can be invested. How much oney will they have accumulated 30 year om now? (Do not round intermediate calculation. Found you 2 decimelaces.) ulated savings 441,77155 b. If their goal is to retire with $870,000 of savings, how much extra do they need to save even your mone calculations. Round your answer to 2 decimal places.) Additional annual savings needed A couple thinking about retirement decide to put aside $3,700 each year in a savings plan that earns 7% interest. In 10 years they will receive a gift of $17,000 that also can be invested. a. How much money will they have accumulated 30 years from now? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Accumulated savings $ 441,77155 b. If their goal is to retire with $870,000 of savings, how much extra do they need to save every year? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Additional annual savings needed
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