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You currently have $0 in retirement savings. You plan to make monthly deposits of $50 into a retirement account that offers a 3% APR compounded

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You currently have $0 in retirement savings. You plan to make monthly deposits of $50 into a retirement account that offers a 3% APR compounded monthly If you pursue this plan, how much will your retirement account be worth in 40 years? Round your answer to 2 decimal places

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