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Your client contributes $100 a month into an investment account, earning 5.7% annual return, compounded monthly. If they do this for 38 years, what is
Your client contributes $100 a month into an investment account, earning 5.7% annual return, compounded monthly. If they do this for 38 years, what is the value of that investment account in today's real dollars? Assume the average rate of inflation is 1%. Answer = $ 125213.3 X (Round to the nearest cent/penny.)
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