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Timothy Clum is in the 25 percent tax bracket and is considering the tax consequences of investing $2,000 at the end of each year for

Timothy Clum is in the 25 percent tax bracket and is considering the tax consequences of investing $2,000 at the end of each year for 30 years, assuming the investment earns 8 percent annually.

If Timothy invests his money in a tax-sheltered investment, the total value of the investment at the end of 30 years will be $________.

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