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You are age 25, and have now settled into you first job. You desire to retire at age 60, and know that you can invest

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You are age 25, and have now settled into you first job. You desire to retire at age 60, and know that you can invest $9,750 each year. You have decided to use this as your primary retirement vehicle. At the end of the year, you invest $9,750, and $9,750 per year thereafter until age 60, and realize the average return on the stock market of 10% per year. How much do you have at age 60? a. 2,371,463.22 O b. 2,642,487.59 O c. 2,988,908.60 O d. 3,330,498.16

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