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If you invest $1,200 per year at the end of the year for 40 years at an 8% rate of return, you will have accumulated___?

If you invest $1,200 per year at the end of the year for 40 years at an 8% rate of return, you will have accumulated___?

a. $48,000

b. $51,840

c. $310,862

d. $379,000

e. $384,000

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