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Carla Lopez deposits $3,400 a year into her retirement account. If these funds have an average earnings of 7 percent over the 40 years until
Carla Lopez deposits $3,400 a year into her retirement account. If these funds have an average earnings of 7 percent over the 40 years until her retirement, what will be the value of her retirement account at the time she retires? Use Exhibit 1-B. (Round your FVA factor to 3 decimal places and final answer to the nearest whole dollar.)
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