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Assume that you contribute $340 per month to a retirement plan for 25 years. Then you are able to increase the contribution to $540 per
Assume that you contribute $340 per month to a retirement plan for 25 years. Then you are able to increase the contribution to $540 per month for the next 25 years. Given an 7 percent interest rate. What is the value of your retirement plan after the 50 years?(Do not round intermediate calculations and round your final answer to 2 decimal places.)
Future value of multiple annuities$
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