Abagail nelson a 25-year-old personal loan officer at first, Financial Management

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Abagail nelson a 25-year-old personal loan officer at first

Abagail Nelson, a 25-year-old personal loan officer at First National Bank, understands the importance of starting early when it comes to saving for retirement.

She has committed $3,000 per year for her retirement fund and assumes that sheAc€?cll retire at age 65.

1.) How much will she have accumulated when she turns 65 if she invests in equities and earns 8 percent on average?

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