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Suppose you will save the following amounts for retirement: $200 per month for the next 5 years, then $500 per month for 6 years after

Suppose you will save the following amounts for retirement:

$200 per month for the next 5 years, then

$500 per month for 6 years after that, then

$700 per month for 7 years after that.

If you can earn 11% APR on your savings, how much will you have in your savings 18 years from now?

Suppose you will save the following amounts for retirement:

$200 per month for the next 5 years, then

$500 per month for 6 years after that, then

$700 per month for 7 years after that.

If you can earn 11% APR on your savings, how much will you have in your savings 18 years from now?

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