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AP 5.8 Suppose the average household in the United States pays $1,340 in interest and fees on credit cards each year. If a household could

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AP 5.8 Suppose the average household in the United States pays $1,340 in interest and fees on credit cards each year. If a household could instead contribute this amount of money each year to a retirement savings account earning 6 percent per year compounded annually, how much money would they have in the account when they retired 40 years from now

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