Question: If you save $4800 a year into a 401(k) retirement plan (with deposits made in 12 equal monthly installments) for the next 15 years and

If you save $4800 a year into a 401(k) retirement plan (with deposits made in 12 equal monthly installments) for the next 15 years and earn an average rate of interest of 7% per year, how much will you have at the end of the 15th year?

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