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7. Marsha is 25 years old and is starting an investment program. Her first annual contribution to her investment fund will be today and will

7. Marsha is 25 years old and is starting an investment program. Her first annual contribution to her investment fund will be today and will be $1,000. She is committed to increasing her contribution by 3% every year and she thinks she can earn 8% annually. If she makes a total of 40 payments, how much will she have at the end of 40 years?

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