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QUESTION
Lisa sets herself a goal of of amassing $400,000 in her retirement fund by the time she turns 60.
Lisa sets herself a goal of of amassing $400,000 in her retirement fund by the time she turns 60. She begins saving $3,000 each year, starting on her 24th birthday and makes the last saving on her 64th birthday. If her savings earn 5 percent per year, will Lisa achieve her goal ?
