Question
Asked Oct 25, 2019

At age 18, Susan did nothing. She waited until she was 28 to start depositing $2000 per year at the end of each year into an account earning 12% annually.  She did this each year until she turned 65. How much money did she have at age 65?

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Expert Answer

Step 1

Annuity, A = $ 2,000

Interest rate, r = 12%

Numbe...

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