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You have $3,000 to invest in your retirement account today. Assuming you earn a 12% rate of return, how much would you have in 40

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You have $3,000 to invest in your retirement account today. Assuming you earn a 12% rate of return, how much would you have in 40 years (approximately)? a) $89,880 b) $295,579 c) $398,345 d) $195,003 e) $279,153

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