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Question 20 (6 points) You are planning to retire 10 years from today (i.e. at the end of the 10th year from now). You currently

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Question 20 (6 points) You are planning to retire 10 years from today (i.e. at the end of the 10th year from now). You currently (t=0) have $122,000 in a bond account (a savings account invested in interest-paying bonds), and you plan to add $5,700 per year at the end of each of the next 10 years to the account. If the account earns a return of 7.50 percent per year over the next 10 years, how much will you have in the account when you retire? [Round your answer to the nearest whole number. Enter your answer without a dollar sign and without a comma.] Your Answer: Previous Page Next Page Page 20 of 22

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