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Donald would like to invest in a retirement fund. He is 2 5 now, and he plans to retire at age 6 5 . He

Donald would like to invest in a retirement fund. He is 25 now, and he plans to retire at age 65. He can deposit $2,000 into his retirement fund every year, and the fund offers a return of 4% compounded annually. If Donald makes annual end of the year payments into the fund, how much will he have accumulated by the time he is 65?

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