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Sedrick has $500,000 today in pension funding. He wants to retire in 10 years. He assumes that he can make an annual contribution of $30,000

Sedrick has $500,000 today in pension funding. He wants to retire in 10 years. He assumes that he can make an annual contribution of $30,000 per year for the next 10 years. How much will he have at the end of 10 years assuming an 8% return?

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