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22. The John and Mary Perkins plan to retire in 25 years and will begin investing $3,000 each year into a retirement savings account. based
22. The John and Mary Perkins plan to retire in 25 years and will begin investing $3,000 each year into a retirement savings account. based on the projections from their Financial Advisor, they expect to earn 8% compounded annually. In 5 years they expect to receive an inheritance of $10,000 which will be invested in the same account. What will the total value of their retirement be in 25 years
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