After-tax money without being taxed on any of the gains

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Lifetime savings accounts, known as LSAs, allow people to invest after-tax money without being taxed on any of the gains. If an engineer invests $11,000 now and $11,000 each year for the next 20 years, how much will be in the account immediately after the last deposit, provided the account grows by 9% per year?

After the last deposit, the balance in the account will be $

Reference no: EM132068934

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