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You have $ 1 0 , 0 0 0 in a retirement account right now. You think you can get an annual return of 7

You have $10,000 in a retirement account right now. You think you can get an annual return of 7% on your money by investing it in the stock market. You will also put an extra $1,200 into the account at the end of each year for 20 years. How much will you have at the end of the 20 years if your money compounds annually?

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