Unformatted text preview: retirement account. The amount he has at that point continues to grow for the next 32 years, still at the average of 7% per year. Bill on the other hand doesn’t start saving for retirement until he is 33. For the next 32 years, he puts $6000 into his retirement account that also earns on the average 7% per year. At 65 ,Jack has the greatest amount of money in his retirement fund....
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 Fall '08
 GERMAN
 Calculus, PreCalculus, Gerontology, Jack, retirement account

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