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Assume you currently have $220,000 that you are ready to invest for retirement. In addition, you plan to save $6,000 per year at the end

Assume you currently have $220,000 that you are ready to invest for retirement. In addition, you plan to save

$6,000 per year at the end of each year for years 1-10

$25,000 at the end of year 11

$9,000 per year at the end of each year for years 12-20

Assuming you earn 9.1% as an annual rate of return, how much will you have 20 years from today when you retire?

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