Calculate the correct amount in each situation

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Reference no: EM13275166

Assume you have the following situations. Using the TVM concepts (formulas or tables) calculate the correct amount in each situation. You are working on saving for retirement. You will reach full retirement age in 20 years, and you can invest $5000 each year and can earn 7% annually during this period. How much money will you have as you enter the retirement phase of your life, from this investment?

Reference no: EM13275166


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