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You plan to save the following amounts $4,841 today $6,681 per year for the next 8...

You plan to save the following amounts

  • $4,841 today
  • $6,681 per year for the next 8 years
  • $6,198 per year for the following 9 years
  • $11,168 per year for the following 5 years
  • $14,229 per year for the final 5 years

Assuming you earn a 5.2% rate of return during the entire period, how much will you have at the END of the time horizon? Round answer to the nearest dollar.

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Answer #1

Please refer to below spreadsheet for calculation and answer. Cell reference also provided.

Cell reference -

Hope this will help, please do comment if you need any further explanation. Your feedback would be highly appreciated.

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