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Jake Long contributes $85,000 per year to a retirement account (end of year). This particular annuity is expected to gain 7.5% real yearly compounded interest.
Jake Long contributes $85,000 per year to a retirement account (end of year). This particular annuity is expected to gain 7.5% real yearly compounded interest. He plans to retire after 9 years, with the same contribution for each of these years (1-9). How much money will he have when he retires?
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