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You are planning your retirement in 1 0 years. You currently have $ 1 6 1 , 0 0 0 in a bond account. You

You are planning your retirement in 10 years. You currently have $161,000 in a bond account. You plan to add $11,500 per year at the beginning of each of the next 10 years to your bond account. The bond account will earn a return of 7 percent. How much will be available in your retirement account in 10 years?

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