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If you plan to save $12,000 every year for retirement for 25 years. Assuming that you earn an 7.5% return on your investment, compounded annually,

If you plan to save $12,000 every year for retirement for 25 years. Assuming that you earn an 7.5% return on your investment, compounded annually, how much money will you have when you retire?

Group of answer choices

$137,454

$230,987

$302,400

$815,734

$642,453

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