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financial calculator Henry calculated that if he saved $500 per month for retirement for 20 years and could earn on average a 7.5% return he

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Henry calculated that if he saved $500 per month for retirement for 20 years and could earn on average a 7.5% return he would have approximately $276,865 at retirement. What would he have if he could earn 8% ?

a. $276,865

b. More than $276,865

c. Less than $276,865

d. It cannot be determined

please explain

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