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Problem 1-9 (LO1.3) Carla Lopez deposits $3,200 a year into her retirement account. If these funds have an average earnings of 6 percent over the

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Problem 1-9 (LO1.3) Carla Lopez deposits $3,200 a year into her retirement account. If these funds have an average earnings of 6 percent over the 40 years until her retirement, what will be the value of her retirement account at the time she retires? Use the relevant table from Chapter 1 (Exhibit 1A, 1B, 1C or 1D). (Round your FVA factor to 3 decimal places and final answer to the nearest whole dollar.) Future value of retirement account

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