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Assume that you contribute $300 per month to a retirement plan for 15 years. Then you are able to increase the contribution to $500 per

Assume that you contribute $300 per month to a retirement plan for 15 years. Then you are able to increase the contribution to $500 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?

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