Suppose you plan to retire in 40 years. If you make 10 annual investments of $...

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Suppose you plan to retire in 40 years. If you make 10 annualinvestments of $ 1,000 into your retirement account for the first10 years, and no more contributions to the account for theremaining 30 years. If the retirement account earns a fixed 5%annual interest, how much will you have at your retirement? Roundit to two decimal places without the $ sign, e.g., 1234567.89.

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This question can be broken into two partsPart 1 calculate the FV of annuity of first 10 contributions atthe    See Answer
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Suppose you plan to retire in 40 years. If you make 10 annualinvestments of $ 1,000 into your retirement account for the first10 years, and no more contributions to the account for theremaining 30 years. If the retirement account earns a fixed 5%annual interest, how much will you have at your retirement? Roundit to two decimal places without the $ sign, e.g., 1234567.89.

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