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Use Formula: FVA = CX (1+i/m)nm-1 i/m You decide to start a retirement account and plan to work the next 40 years. If you make

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Use Formula: FVA = CX (1+i/m)nm-1 i/m You decide to start a retirement account and plan to work the next 40 years. If you make monthly payments of $100 into a mutual fund that expects to earn an average annual return of 12% over this period, then how much will you have when you retire? use formula

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