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You are trying to decide how much money you will have saved for retirement when you retire.You plan to save $5,000 a year with the
You are trying to decide how much money you will have saved for retirement when you retire.You plan to save $5,000 a year with the first savings investment made one year from now.You think you can earn 10% per year on your investments and you plan to retire in 43 years, immediately after making your last $5,000 payment.How much will you have in your retirement account on the day you retire?Select the answer that is closest to the correct answer.
A. 2692730
B. 2962003
C. 45170
D. 215000
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