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How much will have to put into account to meet the goal

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Problem 1: You plan to retire in 20 years. At that point, you want to have $100,000 saved up. Interest rates in your savings account will remain constant at 6% p.a., compounded semi-annually. If you put $32,000 into this account now. How much will you have to put into your account to meet the $100,000 goal?

Reference no: EM132709557

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