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If Zelda has a surplus of $3,000 per year and chooses to save that surplus for her future needs, how much wealth will her surplus savings be approximately worth after 25 years if she can earn a 9% rate
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If Zelda has a surplus of $3,000 per year and chooses to save that surplus for her future needs, how much wealth will her surplus savings be approximately worth after 25 years if she can earn a 9% rate of return

User Nils Magne Lunde
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6.0k points

2 Answers

4 votes
Approximately 254,000.
User Bhantol
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6.6k points
5 votes
9000 because if you get 3000 per year and and add 25 years 9 use pendants
User Ramar
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6.1k points
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