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Candy plans to start saving $4,000 per year. She plans to do this for the next 20 years. Carol then plans to add $5,000 per

  1. Candy plans to start saving $4,000 per year. She plans to do this for the next 20 years. Carol then plans to add $5,000 per year for the next 20 years. Assume she earns 6% per year. Calculate her balance be at the end of the 40 years?

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