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If you invest $3,000 at a 6% interest rate when you are 25 years old how much will you have if you retire at age 65?
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If you invest $3,000 at a 6% interest rate when you are 25 years old how much will you have if you retire at age 65?

User Emmanuel Guerra
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1 Answer

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If that is the only investment you make, its value will be
$3,000·(1.06)^40 ≈ $30,857.15
User Slimak
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