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You have been diligently saving $1,000 every month for the last 10 years and plan to continue doing so for the next 10 years. However,
You have been diligently saving $1,000 every month for the last 10 years and plan to continue doing so for the next 10 years. However, due to an emergency you have to withdraw $60,000 at the end of this year. If you are earning 8% per year, how much will you have 10 years later?
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