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ken started saving for retirement at age 35 with plans to retire at age 70. He invested an average of $600 per month in various securities, with an average annual return of 5% adjusted for inflation. Assuming
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Mar 17, 2019
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ken started saving for retirement at age 35 with plans to retire at age 70. He invested an average of $600 per month in various securities, with an average annual return of 5% adjusted for inflation. Assuming monthly compounding, how much has Kent saved at the start of retirement
Mathematics
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Nils Cao
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I'm gonna say (D) that's what I got on my compound interest cal but I'm not sure about the inflation part...
A) $54,192.18
B) $825,655.46
C) $499,355.18
D) $681,655.46
Bilal Dadanlar
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Mar 23, 2019
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