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Assume that you contribute $240 per month to a retirement plan for 15 years. Then you are able to increase the contribution to $440 per

Assume that you contribute $240 per month to a retirement plan for 15 years. Then you are able to increase the contribution to $440 per month for the next 25 years. Given an 8 percent interest rate. What is the value of your retirement plan after the 40 years? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future value of multiple annuities

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