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How much money will you have

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Question - If you deposit $6,600 into your retirement savings account at the Cottonwood Capital Fund on the last day of each year, and all accumulations earn a 5.3% compounded annual rate of return, how much money will you have when you retire at the end of year 14?

A. $139,076.86

B. $125,429.05

C. $132,076.79

D. $64,095.76

E. $119,161.24

Reference no: EM132957489

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