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Chapter+4b - Chapter 4(Contd Time Value of Money Focusing...

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Chapter 4 (Cont’d) Time Value of Money
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2 Fall 2011 Focusing Question Ellen is 35 years old, and she has decided it is time to plan seriously for her retirement. She plans to start saving $10,000 in a retirement account at the end of each year until she is 65. How can Ellen find out how much she will have saved when she is 65?
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