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How much can be accumulated for retirement if $4,000 is deposited annually, beginning 1 year from today, and the account earns 9% interest compounded annually
How much can be accumulated for retirement if $4,000 is deposited annually, beginning 1 year from today, and the account earns 9% interest compounded annually for 40 years?
A. $187,200.00 B. $936,583.73 C. $1,351,529.78 D. $1,802,876.27
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