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Calculate the time value of money Assume you will retire at 67. You decide to open a retirement account that earns 8% interest. You will

Calculate the time value of money

Assume you will retire at 67. You decide to open a retirement account that earns 8% interest. You will put $125 per month into this account starting now (at your current age). How much money will you have in this account when you retire?

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