How much did anne have at the end of the three years, Financial Accounting

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How much did anne have at the end of the three years

Problem

When Anne and Francesca, her financial planner, met in 2020, Anne decided she would save $8,000 a year in $2021 for 3 years. Her goal was to earn a real rate of return of 6% before tax. Her rate of return averaged 9%. Francesca had estimated inflation would be 3% for the 3 years but inflation was, in fact, 3.4%. In real dollars how much did Anne have at the end of the 3 years.

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Financial Accounting: How much did anne have at the end of the three years

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