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You are saving for retirement and it is January 1. You save in a lump sum at the end of each year and at the

You are saving for retirement and it is January 1. You save in a lump sum at the end of each year and at the end of this year (i.e., one year from today) you will save $200. You plan to increase your savings by 10% each year. How large will your annual savings contribution be ten years from today if you stick to your plan (rounded to the nearest dollar)?

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