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3) Juan plans to retire in 30 years. To do this he plans to deposit $500 a month into a retirement account earning 7% return.

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3) Juan plans to retire in 30 years. To do this he plans to deposit $500 a month into a retirement account earning 7% return. What is the value of his account in 30 years known as present value, future value, something else? The fact that Juan is earning interest on top of interest is known as what

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