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For the past twenty-five years, Margaret Ann has been saving $2000 a year for her retirement. Over the years, she has earned an average of
For the past twenty-five years, Margaret Ann has been saving $2000 a year for her retirement. Over the years, she has earned an average of 12% per year on her investments. How much money does Margaret Ann have today in her retirement account?
Select one:
a. $316,667
b. $266,667
c. $356,333
d. $56,333
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