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Mr David is 45 years old and has decided it is time to plan seriously for his retirement. At the end of each year until

Mr David is 45 years old and has decided it is time to plan seriously for his retirement. At the end of each year until he is 75, he will save $20,000 in a retirement accounts. If the account earns 12% per year, how much will Mr David have in the account at age of 75?

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