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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 $ 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 $ at the end of each month for the next years into his retirement account. Assuming this retirement account earns per year compounded monthly, how much will he have in his account in years? Hint: you need to use both the compound interest formula and the annuity formula to answer this.
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