Her 42nd and final contribution will take place on her 64th, Ask an Expert

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Starting on her 23rd birthday, Janet plans to start saving for her retirement. She will contribute $2,000 to a brokerage account each year on her birthday, starting today. Her 42nd and final contribution will take place on her 64th birthday. Janet's aunt gave her $11,000 today to get the account started. If the account has an expected annual return of 11%, how much will Janet expect to have in her account on her 65th birthday?

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Category:- Basic Finance
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