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In 2 0 1 2 the maximum Social Security deposit by an individual was $ 8 , 3 8 6 . 7 5 . Suppose

In 2012 the maximum Social Security deposit by an individual was $8,386.75. Suppose you are 31 and make a deposit of this amount into an account at the end of each year. How much would you have (to the nearest dollar) when you retire if the account pays 2% compounded annually and you retire at age 65?

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