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You are trying to decide how much to save for retirement. Assume you plan to save $5,000 per year and will make the first deposit

You are trying to decide how much to save for retirement. Assume you plan to save $5,000 per year and will make the first deposit a year from today. You think you can earn 12% per year on your investments and you plan to retire in 40 years, immediately after your last $5,000 deposit.

How much will you have in your retirement account on the day you retire?

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