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Johnny expects to save the following amounts: Year 1 = $50k; Year 2 = $28k; Year 3 = $12k. If he can earn an average

Johnny expects to save the following amounts: Year 1 = $50k; Year 2 = $28k; Year 3 = $12k. If he can earn an average annual return of 10.5 percent, how much will he have saved in this account exactly 25 years from the time of the first deposit?

Group of answer choices

1172k

806k

947k

935k

1034k

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