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Your client is 40 years old and wants to begin saving for retirement. You advise the client to put $5,000.00 a year into the stock

Your client is 40 years old and wants to begin saving for retirement. You advise the client to put $5,000.00 a year into the stock market. You estimate that the markets return will be, on average, 13 percent a year. Assume the investment will be made at the end of the year. If the client follows your advice, how much will she have by age 65?

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