Assuming that you actually earn 9 percent a year how much, Financial Management

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Assuming that you actually earn 9 percent a year how much

Suppose your company's defined contribution retirement plan allows you to invest up to €20,000 per year. You plan to invest €20,000 per year in a stock index fund for the next 30 years. Historically, this fund has earned 9 percent per year on average.

Assuming that you actually earn 9 percent a year, how much money will you have available for retirement after making the last payment?

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