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Question #17: You just started your Retirement Savings Plan by investing $5,000. You do not plan on making any additional investments in the Plan. Required:

Question #17: You just started your Retirement Savings Plan by investing $5,000. You do not plan on making any additional investments in the Plan.

Required: If you can earn 8.4% on this investment, what will your Retirement Savings Plan be worth in

a) 35 years?

b) 40 years?

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