Annual lump sum personal contributions for retirement, Financial Management

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Annual lump sum personal contributions for retirement

Assumptions:

$75,000 annual salary.

Annual lump sum personal contributions for retirement savings at the beginning of each year.

Answer the following:

Use an annuity due calculation (page #309 of Principles of Finance textbook edition 5 and edition 6), and be sure you program your financial calculator to BEG. Please calculate how much you will have when you retire using the answers you provided in the previous questions.

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