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Luke Believes That He Can Invest $5,000 Per Year for His

Question 16

Multiple Choice

Luke believes that he can invest $5,000 per year for his retirement in 30 years. How much will he have available for retirement if he can earn 8% on his investment and begins investing one year from now?


A) $566,400
B) $681,550
C) $150,000
D) $162,000

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