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You have a present value in a retirement investment account of 997 k$ (in thousands of dollars) You let it grow on its accumulating investment
You have a present value in a retirement investment account of 997 k$ (in thousands of dollars) You let it grow on its accumulating investment income without any additional deposits for 25-years. The assumed annual rate of return (interest) is 5% compounded monthly. What is the projected total amount (k$) in your retirement account at the end of 25-years rounded to the nearest thousand dollars (k$)? F= k$
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