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) As the owner of a successful and profitable company, you plan to retire in 25 years. To fund your retirement, you will start putting
) As the owner of a successful and profitable company, you plan to retire in 25 years. To fund your retirement, you will start putting $1,000 into an investment account at the end of each month until retirement. A. If you expect the account to average a 7% return, compounded monthly, how much money will be in the account when you reach retirement? B. How much money will be in the account if the $1,000 monthly contributions are made at the beginning of each month?
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