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Travis invests $ 5 , 5 0 0 today into a retirement account. He expects to earn 9 . 2 percent, compounded annually, on his
Travis invests $ today into a retirement account. He expects to earn percent, compounded annually, on his money for the next years. After that, he wants to be more conservative, so only expects to earn percent, compounded annually. How much money will he have in his account when he retires years from now, assuming this is the only deposit he makes into the account?
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