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You turned 25 today and you want to retire on your 65th birthday. Starting with the day of your retirement, you would like to

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You turned 25 today and you want to retire on your 65th birthday. Starting with the day of your retirement, you would like to have a growing annuity ($50,000 payment on the day of your retirement and growing by 3% each year thereafter for a total of 20 years of payments). You will start saving with equal annual deposits of $3,228.32 into an investment account beginning in one year from today and ending after 17 total deposits. Assume a discount rate of 10%. As of the date of your 57th birthday, your plan is overfunded by how much? Round to the nearest thousands of dollars and use the $ symbol. No decimal places.

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