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You are planning to save for retirement, but have to start out slow. You plan to invest $250 next month, but will increase that amount
You are planning to save for retirement, but have to start out "slow". You plan to invest $250 next month, but will increase that amount by 0.25% each month. You plan to do this for 30 years. How much will you have at the end of the 30th year if you earn 6% per year, compounded monthly.
Group of answer choices
$59,206.12
$251,129
$356,573.30
$90,000.00
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