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Cheryl is looking to calculate how much her retirement savings would grow to from her monthly payroll-deducted contribution to her 401(k) plan. Her asset allocation

Cheryl is looking to calculate how much her retirement savings would grow to from her monthly payroll-deducted contribution to her 401(k) plan. Her asset allocation has averaged 7% APY over the past 15 years in the same balanced fund. She has contributed $400 at every paycheck in the past 15 years and plans to continue for 15 more years before retirement. What is the computation?

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