You are a financial adviser working with a client who wants to retire...
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Accounting
You are a financial adviser working with a client who wants to retire in eight years. The client has a savings account with a local bank that pays percent annual interest. The client wants to deposit an amount that will provide her with $ when she retires. Currently, she has $ in the account. FV of $ PV of $ FVA of $ and PVA of $
Note: Use the appropriate factors from the tables provided.
Required:
How much additional money should she deposit now to provide her with $ when she retires?
Note: Round your answer to nearest whole dollar.
Additional deposit amount
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