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How much money will you have in your retirement account

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Question - You get a job when you are 18 and can afford to save and invest $500 per month or $6000 per year. If you save this much money each month and invest it to where you earn 10% per year (compounded monthly), how much money will you have in your retirement account when you are 48 years old?

Reference no: EM132981006

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