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Lifetime Savings Accounts, known as LSAs, allow people to invest after-tax money without being taxed on any of the gains. If an engineer in- vests $10,000 now and then increases his deposit by $1000 each year through year 20, how much will be in the account immediately after the last deposit, if the account grows by 12% per year?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91720053

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