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Future Value of Multiple Annuities Assume that you contribute $140 per month to a retirement plan for 20 years. Then you are able to increase

Future Value of Multiple Annuities Assume that you contribute $140 per month to a retirement plan for 20 years. Then you are able to increase the contribution to $240 per month for another 20 years. Given a 8.0 percent interest rate, what is the value of your retirement plan after 40 years?

$140,128

$547,643

$139,200

$488,741

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