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13. Cecilia is 25 years old and plans to invest $3,000 each year in a retirement savings account for 40 years, starting today. If the

13. Cecilia is 25 years old and plans to invest $3,000 each year in a retirement savings account for 40 years, starting today. If the retirement savings investment will earn 9.75% p.a. compounding annually, how much will she have in exactly 40 years from today when she turns 65 years old?

Select one:

a. $1,512.747.74

b. $1,220,312.04

c. $1,361,642.36

d. $1,331,414.96

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