Business, 08.10.2019 03:20 Ab20600

Ayear ago, you deposited $30,000 into a retirement savings account at a fixed rate of 5.5 percent. today, you could earn a fixed rate of 6.5 percent on a similar type account. however, your rate is fixed and cannot be adjusted. how much less could you have deposited last year if you could have earned a fixed rate of 6.5 percent and still have the same amount as you currently will when you retire 38 years from today?

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