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Your best friend has asked you how much she can accumulate in her retirement account if she continues to invest $400 per month for the
Your best friend has asked you how much she can accumulate in her retirement account if she continues to invest $400 per month for the next 40 years. She tells you to use a 12% rate of return. She wants you to include the $50,000 she already has in the account. How much will she accumulate?
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