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In light of your new financial management knowledge, you have decided to invest $5000 at the end of each year for the next 35 years into a 401K...

In light of your new financial management knowledge, you have decided to invest $5000 at the end of each year for the next 35 years into a 401K account at your firm. 

  • If you earn 9% compounded annually on your investment, how much will you have when you retire in 35 years? 
  • If you choose to invest $2500 each year for the next 35 years at 9% what will be in your retirement account?
  • Alternatively, if you choose to invest $5000 each year for only 20 years, what will be in your retirement account? 

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