Suppose you plan to save $9,000 at the end of each coming year for the next 30 years from now for retirement. The interest rate is 4%. How much will you have 30 years from now? Enter your response below. Number

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....
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Suppose you plan to save $9,000 at the end of each coming year for the next 30 years from now for
retirement. The interest rate is 4%. How much will you have 30 years from now?
Enter your response below.
Number
Transcribed Image Text:Suppose you plan to save $9,000 at the end of each coming year for the next 30 years from now for retirement. The interest rate is 4%. How much will you have 30 years from now? Enter your response below. Number
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