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You plan to make your first $6,688 contribution to your individual retirement account in 5 years. Assuming you earn a 7.7 percent rate of return

You plan to make your first $6,688 contribution to your individual retirement account in 5 years. Assuming you earn a 7.7 percent rate of return and make no additional contributions, what will your account be worth (in $) when you retire 40 years from now?

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