By the end of each year you contribute an equal amount of, Financial Management

By the end of each year you contribute an equal amount of

By the end of each year, you contribute an equal amount of $3,000 to your retirement fund portfolio, which on average earns an annual return of 12.5% in the financial market. Such annual contributions continue until your retirement.

(a) 30 years later you retire, how much money do you have in your portfolio by then?

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Financial Management: By the end of each year you contribute an equal amount of

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