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Home Q & A Board Other Fields Homework Help Business Management
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stranahan stranahan
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7 years ago
You made your first $3,000 deposit today into a retirement account earning an average annual rate of 6%. How long will it take your deposit to reach a value of $50,000? How long will it take if instead you invest the money into an account earning 10% per year? After making your calculations, how does this information affect your decision-making regarding long-term investments?
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
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ExpertXExpertX
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stranahan Author
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#2
7 years ago
Thank you very much for this. It's really helpful.
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