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Hayley is 40 years old and plans to start saving for her retirement. She plans to start annual saving of $5,500 one year from now

Hayley is 40 years old and plans to start saving for her retirement. She plans to start annual saving of $5,500 one year from now in a stock market that she expect will give an average return of 8.5%. How much will Hayley save at the age of 65? without using excel, show the calculation

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