You plan to retire in 40 years. To provide for your retirement, you initiate a savings program of $4,500 per year yieldi

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answerhappygod
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You plan to retire in 40 years. To provide for your retirement, you initiate a savings program of $4,500 per year yieldi

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You plan to retire in 40 years. To provide for your retirement,you initiate a savings program of $4,500 per year yielding 7percent. What will be the value of the retirement fund after 40years? Round your answer to nearest whole dollar. (Hint:Use Appendix A-3 or visitthe Garman/Forgue companion website.) RoundFuture Value of a series of Equal Amounts in intermediatecalculations to four decimal places.
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