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Show Work You decided that you want to put $50,000 you have in savings today into a retirement account. The account will have an average

Show Work

You decided that you want to put $50,000 you have in savings today into a retirement account. The account will have an average annual return of 8%. You are currently 30 years old. You will need these funds when you retire at age 65 (35 years from now). How much money will that be?

Answer: $739,267.21

Answer: $800,000.51

Answer: $50,000.00

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