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Pamela is also a saver. She sets aside $100 per month during her 40 year career. She invests in the US stock market* through an
Pamela is also a saver. She sets aside $100 per month during her 40 year career. She invests in the US stock market* through an index fund that averages a 7% annual return over this 40 year period.
- What is the total balance in the account after 40 years?
- How much of the total did Pamela contribute herself?
- How much money did Pamela make through compounded returns in this investment account?
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