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QUESTION
Assume you begin to plan for retirement. You currently have $5,000 saved up and can afford to invest $600 a month until retirement.
Assume you begin to plan for retirement. You currently have $5,000 saved up and can afford to invest $600 a month until retirement. If you retire in 40 years and can earn an interest rate of 9 percent, how much will be in your account when you retire?
