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Suppose that you contribute $4000 to your retirement saving account at the end of the first year that you work after graduating. If you increase

Suppose that you contribute $4000 to your retirement saving account at the end of the first year that you work after graduating. If you increase your contributions by 5% per year and you earn 7% in interest, how much will you have saved 15 years later?

$108,608.46

$86,314.25

$45,951.35

None of these

$145,765.46

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