Jacoba is going to receive $5,000 today as a result of an insurance settlement. In...
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Jacoba is going to receive $5,000 today as a result of an insurance settlement. In addition, she will receive $18,000 five years from today and $20,000 six years from today. She plans on saving all this money and investing it for her retirement. The yearly interest rate is 3.5%, compounded annually. How much will she have in her account if she retires 45 years from today
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