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Today is your 21st birthday, and you are opening up an investment account. You plan to contribute $2,000 per year on your birthday. The first
Today is your 21st birthday, and you are opening up an investment account. You plan to contribute $2,000 per year on your birthday. The first contribution will be made today, and the 45th, and final, contribution will be made on your 65th birthday. If you earn 10% a year on your investments, how much money will you have in the account on your 65th birthday, immediately after making your final contribution?
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