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Walter Cronkyte wants to start saving for retirement. He will invest $500 at the end of every month for the next 15 years. If Walter

Walter Cronkyte wants to start saving for retirement. He will invest $500 at the end of every month for the next 15 years. If Walter can earn a return equal to 11% rate compounded monthly, how much will he have in his retirement fund by the end of 15 years?

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