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Bradford is 2 7 years old and starts investing $ 3 , 0 0 0 per year into his retirement investment account, earning 9 %

Bradford is 27 years old and starts investing $3,000 per year into his retirement investment
account, earning 9% compounded annually. He decides that each year he will increase his
contributions by 2.5%. Calculate the maturity value (future value) at age 65, assuming he makes
year-end payments.

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