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Describe how interest rates impact time value of money calculation. Assume you are investing $500 a month toward retirement. What would this amount grow to

Describe how interest rates impact time value of money calculation. Assume you are investing $500 a month toward retirement. What would this amount grow to in 25 years if you had a conservative return of 4%? What if you were more aggressive and earned 12%? Please use either the online calculator linked in the assignment description or a similar calculator to answer.

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