Mr l suarez is planning to make an additional investment at, Financial Management

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Mr l suarez is planning to make an additional investment at

Mr. L. Suarez is planning to make an additional investment at the end of each year for his retirement in 20 years. Mr. L. Suarez plans to invest $5,000 each year for the first 5 years, $8,000 each year for the next 5 years, and $ 12,000 each year for the remaining 10 years. If the rate of return of 9 percent can be earned in these investments, how much money will Mr. L. Suarez have at the end of 20 years?

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