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You are 35 and expect to retire at age 65. How much would you have in your retirement account when you retire if you contribute
You are 35 and expect to retire at age 65. How much would you have in your retirement account when you retire if you contribute $15,000 next year (i.e.,when you are 36) and increase your annual contributions by 3% every year after? Assume your account will earn 8% annually.
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