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Starting at age 25, Jim saves $2000 a year for 8 years then stops saving (no interest is accumulated). Assuming Jim now has $16,000 and

Starting at age 25, Jim saves $2000 a year for 8 years then stops saving (no interest is accumulated). Assuming Jim now has $16,000 and a 5 % annual interest rate, how much money does Jim have at age 65?

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