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You are celebrating your 28 birthday today. You have decided to set up a retirement account and start depositing an equal amount of money into
You are celebrating your 28 birthday today. You have decided to set up a retirement account and start depositing an equal amount of money into the account each month beginning one month from today. How much will be in the account on your 60th birthday, if your monthly investment is $840? Assume your investments will return 11 percent per year throughout the investment period. $2,954,998 $1,274,091 $2,433,819 $3,127,416
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