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Your client turned 25 years old today and wants to start saving fore retirement. Starting today and continuing at the beginning of every month they
Your client turned 25 years old today and wants to start saving fore retirement. Starting today and continuing at the beginning of every month they plan to contribute $150 to their IRA and will continue to do this until they retire. They will invest their entire portfolio in the S&P 500 and expect to earn an annual return of 8.25%. If they retire on their 59th birthday, how much money will be in their account?
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