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You want to do some retirement planning. You think you can deposit $ 2 7 5 0 once per year in a retirement account and

You want to do some retirement planning. You think you can deposit $2750 once per year in a retirement account and continue this practice for the next 15 years. Assuming you can get a 7.95% return on the incestment each year what will the account be worth in 15 years? What would the account be worth if you could increase the deposit amount each year to $3200?

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