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Suppose you would like to put some money aside over the next 40 years to help fund your retirement. You decide you can afford deposits

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Suppose you would like to put some money aside over the next 40 years to help fund your retirement. You decide you can afford deposits of $ 1, 200 per year. In addition, at the end of the tenth year, you expect to receive $30, 000 from your parents which you plan to deposit into this retirement account. If your account earns an interest rate of 7%, how much money will you have saved at the end of 40 years? Round your answer to the nearer dollar

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