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Identifying the best investment plans for retirement

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Your customer has $10,000 and needs $30,000 by the time the retire in 20 years. As an investment advisor, explain what three different investment plans are available to the customer. Provide an example of an investment as well as the average growth rate, and how long it will take to reach the goal of $30,000.

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This solution provides a detailed explanation of the given accounting problem.

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The client can invest in either of these three categories:
1- Municipal Bond: expected rate of return above inflation 4% an average and it is tax free.
2- Corporate Bond: expected rate of return an average is 7%, but it ...

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