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Investment Value.Judy recently used an inheritance from her uncle to pay off her car loan and now she must decide how she wants to invest

Investment Value.Judy recently used an inheritance from her uncle to pay off her car loan and now she must decide how she wants to invest the extra $4,752

per year that she budgeted for car payments. She decides to invest this additional amount in her employer-sponsored retirement plan. Currently, the plan is averaging

a 12% annual return. Judy has 19

years until retirement. How much more money will she have at retirement if she invests this additional amount?

(Hint:

Assume that the account continues to earn 12%

per year.)

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