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IRISSAK [1]
3 years ago
13

How much can be accumulated for retirement if $4,000 is deposited annually, beginning 1 year from today, and the account earns 9

% interest compounded annually for 40 years g
Business
1 answer:
Nataliya [291]3 years ago
4 0
The equation formulated from this question:

4,000n • 1.09^n = value

Where n = number of years

(4,000 x 40) • 1.09^40 = $5,025,507~

~Hoodini, here to help.
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