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Right now you are 20 years old and you have decided that you will deposit $3,600 into a retirement account each year until you turn
Right now you are 20 years old and you have decided that you will deposit $3,600 into a retirement account each year until you turn 65 years old. If your account earns 8% interest, how much money will be in your account when you turn 65? Use time value of money factors with at least four decimal places and then round your final answer to the nearest whole dollar.
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