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You are 20 years old and decide that you'd like to start saving for retirement. You decide to invest $1,000 per year for the next

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You are 20 years old and decide that you'd like to start saving for retirement. You decide to invest $1,000 per year for the next 45 years. Assuming you can get a 9% return on your investment each year, how much money will you have in 45 years? (Quite the return for only investing $45,000, eh?)

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