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Sharon decides to put $6,500 into her retirement plan at the age of 26. She will continue to invest the same amount for a total

Sharon decides to put $6,500 into her retirement plan at the age of 26. She will continue to invest the same amount for a total of 6 years and then stop contributing. Assume 10.8% annual return. How much money will Sharon have in her retirement plan after 6 years?

Multiple Choice

$30,000

$35,575

$51,175

$61,451

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