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. ) Kevin is leaving one job and starting a new job. He has $ 8 0 , 0 0 0 in the retirement account

.) Kevin is leaving one job and starting a new job. He has $80,000 in the retirement account with his old job that will be rolled into the new retirement account with his new job. In addition to this large deposit, Kevin plans on depositing $240 at the end of each month for the next 30 years into his retirement account. Assuming this retirement account earns 4.2% per year compounded monthly, how much will he have in his account in 30 years? (Hint: you need to use both the compound interest formula and the annuity formula to answer this.)

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