Result of an insurance settlement

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Reference no: EM131179641

Hillary is going to receive $20,000 today as the result of an insurance settlement. In addition, she will receive $30,000 one year from today and $50,000 two years from today. She plans on saving all of this money and investing it for her retirement. If she can earn an average of 11% on her investments, how much will she have in her account if she retires 25 years from today?

Reference no: EM131179641

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