Felicity thomas a 25-year old college graduate wishes to, Ask an Expert

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Felicity Thomas, a 25-year old college graduate, wishes to retire at age 65. To supplement other sources of retirement income, she can deposit $4,000 each year into a tax-deferred individual retirement account (IRA). The IRA will earn 8% return for the next 40 years

If she waits until age 35, to begin the annual end-of-year $4,000 deposits, how much will she have accumulated by the end of her sixty-fifth year?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92315262

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