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Assume that you contribute $ 1 5 0 per month to a retirement plan for 2 0 years. Then you can increase the contribution to

Assume that you contribute $150 per month to a retirement plan for 20 years. Then you can increase the contribution to $266 per month for another 20 years, and finally, $416 per month for the last 10 years. Given a 7 percent interest rate, what is the value of your retirement plan after the 50 years?

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