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Mike is making financial plan for his retirement. His retirement account has $10,000 and starting next week, he will contribute $200 every week. If his
Mike is making financial plan for his retirement. His retirement account has $10,000 and starting next week, he will contribute $200 every week. If his retirement account pays 6% compounded semi-annually, how much money will he be accumulated after 20 years?
a)
$368,577.42
b)
$434,933.84
c)
$365,092.34
d)
$430,333.09
e)
$398,545.32
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