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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.

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$59,206.12

$251,129

$356,573.30

$90,000.00

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