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) Suppose you are looking ahead to your retirement and want to be able to retire at 70 and hope to live to 95. Suppose

) Suppose you are looking ahead to your retirement and want to be able to retire at 70 and hope to live to 95. Suppose currently you have a savings of $4000, and you place 25% of your savings in a bank that provides 10% interest per annum. How much money will be in your account in 3 years? (You must show the detailed calculation process. Otherwise, marks will be deducted)

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