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You are graduating from college at the end of this semester and after reading the Business of Life box in this chapter, you have decided

You are graduating from college at the end of this semester and after reading the Business of Life box in this chapter, you have decided to invest $5,000 at the end of each year into a Roth IRA for the next 45 years. If you earn 8% compounded annually on your investment, how much will you have when you retire in 45 years?

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