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Assume that you contribute $220 per month to a retirement plan for 25 years. Then you are able to increase the contribution to $420 per

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Assume that you contribute $220 per month to a retirement plan for 25 years. Then you are able to increase the contribution to $420 per month for the next 25 years. Given a 7.2 percent Interest rate, what is the value of your retirement plan after the 50 years? (Do not round intermediate colculations and round your final answer to 2 decimal places.)

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