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A 20-year-old wants to save $25 per week for retirement. She allocates $100 of her income every month and invests it in a growth stock
A 20-year-old wants to save $25 per week for retirement. She allocates $100 of her income every month and invests it in a growth stock mutual fund. The fund is expected to earn 10% per year. If she decides to retire at 65, how much will her monthly contributions be worth at retirement?
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