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Account balance be when you retire

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You want to start saving for retirement. You plan to invest $380 out of every paycheck in an account that earns 3.1 percent APR. Assuming you continue this saving pattern for the next 26 years until you retire, what will the account balance be when you retire? Assume there are 52 weeks per year, you are paid bi-weekly, your first contribution will be two weeks from today, and the account compounds bi-weekly.

Balance at Retirement = $

Reference no: EM133275173

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