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Future Value of Multiple Annuities Assume that you contribute $290 per month to a retirement plan for 20 years. Then you are able to increase

Future Value of Multiple Annuities Assume that you contribute $290 per month to a retirement plan for 20 years. Then you are able to increase the contribution to $390 per month for another 20 years. Given a 10.5 percent interest rate, what is the value of your retirement plan after 40 years?

A. $211,200

B. $2,137,023

C. $213,048

D. $2,218,073

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