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You will be receiving $5,000 from your family as a graduation present. You have decided to save this money for your retirement. You plan to

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You will be receiving $5,000 from your family as a graduation present. You have decided to save this money for your retirement. You plan to retire thirty-five years after graduating. How much money will you have at retirement if you can earn an average of 8.5 percent on your investment? $73,926,72 586,898.21 $94,284,56 $13,234.44 $12,971.49

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