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11-12-2017
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Bill johnson deposits $3,000 a year into her retirement account. if these funds have an average earning of 8 percent over the 40 years until her retirement, what will be the value of her retirement account?

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Kalahira Kalahira

22-12-2017

yearly deposit amount : $ 3000. present value of an annuity: 259.060 $3,000 Ă— 259.060 = $777,180. the value of her retirement account= $777,180.

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