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19 July, 22:33

Bill johnson deposits $3,000 a year into her retirement account. if these funds have an average earning of 8 percent over the 40 years until her retirement, what will be the value of her retirement account?

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  1. 20 July, 00:19
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    yearly deposit amount : $ 3000. present value of an annuity: 259.060 $3,000 Ă - 259.060 = $777,180. the value of her retirement account = $777,180.
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