You are 25 years old and have decided to begin saving for your retirement. You...
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You are 25 years old and have decided to begin saving for your retirement. You plan to save $6,000 at the end of each year (i.e., your first payment will be one year from now) from now until you retire at the age of 70. Assume you will earn 7% on your savings How much will you have saved when you reach age 70? How much will you have saved if you do not begin your savings programs until you are 35 years old
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