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You intend to periodicially place some money into a retirement account. Here are your intended...

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Finance

You intend to periodicially place some money into a retirement account. Here are your intended deposits:$11000 today, $9000 in one year, $7500 two years from today, $2400 at the beginning of year 4, and $7000 at t = 9 years. The account offers an expected return per year of 5% and you intend to withdraw the entire balance from this investment in exactly 14 years from right now. How much money will be in your account (and thus available for withdrawal) 14 years from today? [To draw a timeline can very much help to organize your work and, in turn, recognize the right number of times to compound each of the four cash flows.] a. First, complete this timeline before you calculate the final answer. [If an instant (or notch) on the timeline does not have a cash flow, enter a 0. Do not use any decimals.] t=0 t=1 t=2 t=3 t=4 ...... t=9 ...... t=13 t=14 $enter your response here $enter your response here $enter your response here $enter your response here $enter your response here ...... $7000 ...... FV? b. ANSWER: Your investments will be worth $enter your response here at precisely 14 years from now.[Round your answer to the nearest dollar.]

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