Your client has already accumulated $20,000 and plans to invest another $5000 at the beginning of each year for the next 15 years. He expects to earn a return of 7 % compounded annually on his investments. How much will his investments be worth fifteen years from now? (Taken from CIFP course materials.)

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The Answer of Your client has already accumulated $20,000 and plans to invest another $5000 at the beginning of each year for the next 15 years. He expects to earn a return of 7 % compounded annually on his investments. How much will his investments be worth fifteen years from now? (Taken from CIFP course materials.)

Your Client Has Already Accumulated $20,000 and Plans to Invest