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1. You just received $225,000 from an insurance settlement.
2. You have decided to set this money aside and invest it for your retirement.
3. Currently, your goal is to retire 30 years from today.
4. How much more will you have in your account on the day you retire
5. if you can earn an annual return of 11 percent rather than just 7 percent?
7. A.$708,756
8. B.$2,254,630
9. C.$1,189,576
10. D.$3,438,009
11. E.$988,717