Noma plans to save $4,800 per year for the next 40 years. If she can earn an annual interest rate of 10.6 percent, how much will she have in 40 years

Total amount after 40 years = $2502371.012

Explanation:

Annual saving by Noma = $4800 per year

Total time period for saving = 40 years

Interest rate on savings = 10.6 percent

Now we have to find the amount that will be after 40 years if the annual saving is 4800 dollars that earns 10.6 percent interest rate.

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b. there is a fixed quantity of resources and technology available.

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