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Suppose you plan to retire in 4 0 years. If you make annual contributions of $ 1 6 , 0 0 0 into your retirement

Suppose you plan to retire in 40 years. If you make annual contributions of $16,000 into your retirement account for the first 12 years, and no more contributions to the account for the remaining 28 years. If the retirement account earns a fixed 11% annual interest, how much will you have at your retirement?
$6,651,490
$6,669,190
$6,685,540
$6,710,290
$6,726,940
$6,752,140
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