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Suppose you plan to invest $5,000 each year (beginning at the end of this year) into a retirement account that will pay 15%. What will
Suppose you plan to invest $5,000 each year (beginning at the end of this year) into a retirement account that will pay 15%. What will be the value of the retirement account if you plan to retire in 40 years? (Assume the retirement account has a zero balance currently) please show work.
$33,208.89
$38,190.22
$10,229,769.27
$8,895,451.54
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