Business, 16.02.2021 05:20 deb64

Consider Abraham and Zach. They both will save $7,200 per year until they retire at age 65. Abraham and Zach, however, will start saving at different ages. Abraham will start saving when he is 25 years old. Zach will start saving when he is 45 years old. Assuming the interest rate each year is 7%, how much money will the first year of savings amount to when they retire

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Consider Abraham and Zach. They both will save $7,200 per year until they retire at age 65. Abraham...

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