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Posted on Jul 25, 2024

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

Assume that you contribute $

200

per month to a retirement plan for

15

years. Then you are able to increase the contribution to $

400

per month for another

25

years. Given a

5

percent interest rate, what is the value of your retirement plan after

40

years?

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