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Business, 01.01.2021 02:20 omqliz05

Consider Amanda and Zelda. They both will save $6,000 per year until they retire at age 70. Amanda and Zelda, however, will start saving at different ages. Amanda will start saving when she is 30 years old. Zelda will start saving when she is 50 years old. Assuming the interest rate each year is 8%, how much money will the first year of savings amount to when they retire

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Consider Amanda and Zelda. They both will save $6,000 per year until they retire at age 70. Amanda a...
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