Currently the plan is averaging a 12 annual return judy has, Financial Management

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Currently the plan is averaging a 12 annual return judy has

Investment Value. Judy pays off her car loan and now must decide how she wants to invest the extra $3,648 per year that she budgeted for car payments.

She decides to invest this additional amount in her employer-sponsored retirement plan.

Currently, the plan is averaging a 12% annual return. Judy has 15 years until retirement. How much more money will she have at retirement if she invests this additional amount?

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