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Business, 05.10.2020 01:01 citlalli30

Bob, a coworker who is the same age as the Ann in the previous problem, begins to invest $2000 per year in the same mutual fund earning 12 percent. He only begins investing when Ann stops (i. e. at age 29). Bob is more disciplined, however, and invests the $2,000 every year until he retires at age 65. Calculate how much he will have in the account. Assume annual compounding.

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