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b. Ravi would like to save for retirement. He plans to save $5,000 per year for 30 years. His annual retirement contributions will be made

b. Ravi would like to save for retirement. He plans to save $5,000 per year for 30 years. His annual retirement contributions will be made at the end of each year. If his retirement account can earn 8 percent annual interest, what will the account balance equal thirty years from today, when Ravi has made his 30th annual retirement savings contribution? (1.5 points)

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