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Vincent Furnier wants to save for retirement. Presently, he has nothing saved. He believes he can initially contribute $200 per month to a retirement plan
Vincent Furnier wants to save for retirement. Presently, he has nothing saved. He believes he can initially contribute $200 per month to a retirement plan for 20 years. Then he believes he will be able to increase the contribution to $500 per month for another 15 years. Given 6.0 percent APR interest rate, what is the value of Vincent's retirement plan after 35 years?
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