Finance

(Problem 2.32) A certificate of deposit compounds interest annually. What amount has accumulated for

 (Problem 2.32) A certificate of deposit compounds

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interest annually. What amount has accumulated

for retirement at age 65 if $10,000 is deposited at a

certain age? Analyze the sensitivity of the final accumulation as a function of age and interest rate

with a spiderplot. Assume that age 35 and an interest rate of 10% are the base case, with respective

limits of 25 to 55 years and 5% to 15%.

(Answer: Age  $25.9K  $452.6K, i = $43.2K

 $662.1K)

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