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You are trying to plan for retirement in 20 years by depositing $5,000 every 3 months in your retirement savings account for the next 20
You are trying to plan for retirement in 20 years by depositing $5,000 every 3 months in your retirement savings account for the next 20 years, until retirement. Assume that the account returns 4% annual interest compounded semiannually, how much do you have at the end of 20 years? (Ignore taxes) (5 points)
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