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You currently have $50,000 in a stock account, and you plan to add $9,000 per year at the end of each of the next 10

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You currently have $50,000 in a stock account, and you plan to add $9,000 per year at the end of each of the next 10 years to the account. If the stock account earns a return of 7 percent per year over the next 10 years, how much will you have in the stock account when you retire? Assume annual compounding. a) $341,608.71 b) $259,563.28 c) $222,705.60 d) $158.429.53

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