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Lila and Ben are newlyweds and are hashing out their finances. They decided to deposit $3000 annually in a joint investment account for the first
Lila and Ben are newlyweds and are hashing out their finances. They decided to deposit $3000 annually in a joint investment account for the first ten years of their marriage so that they can use it as a secondary retirement account. The first payment was made at the end of 2000. If the annual interest rate is 6%, how much accumulated wealth will they have at the end of the year 2050, fifty years after the first payment? Express your answer in terms of dollars, rounded to the nearest dollar.
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