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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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