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Assume that you contribute $100 per month to a retirement plan for 20 years. Then you are able to increase the contribution to $200 per

Assume that you contribute $100 per month to a retirement plan for 20 years. Then you are able to increase the contribution to $200 per month for another 20 years. Given a 6.0 percent interest rate, what is the value of your retirement plan after 40 years? $245,353 $120,000 $199,149 $120,600

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