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Your parents hope to sell their large home and net $ 3 8 0 , 0 0 0 and then retire to a nice Florida

Your parents hope to sell their large home and net $380,000 and then retire to a nice Florida community that is valued at $150,000. After they sell the property, they plan to invest the $230,000 in equity and earn a 4 percent after-tax return. Approximately how much will this nest egg be worth in 5 years when they retire?

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