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Marquels employer contributes 1 2 5 0 0 semi - annually to his retirement account, which earns 1 0 % interest tht is compounded monthly.

Marquels employer contributes

12500

semi

-

annually to his retirement

account, which earns

10 %

interest tht is compounded monthly. How

much will be in his retirement accout at the end of

40

years?

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