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z Calvin earns $89,000 per year in his first job/year out of college and is planning to save 9% of his salary per year until

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Calvin earns $89,000 per year in his first job/year out of college and is planning to save 9% of his salary per year until he retires. He expects his salary to increase by 4% per year. The investment account he is saving into is expected to have a rate of return of 7% per year. How much money does David have in his account at the end of 20 years? $328,374$192,011$448,176$575,679$582,256

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