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How much will you have when you retire

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Today, you received your tax return and realized that this would be a great opportunity to start saving some money every year for 25 years until you retire. Since you have already made a plan for how to spend this year's return, you will start saving a year from today (still 25 years of contributions). You will invest $2,500 a year into an account that will give you an 8% annual return. How much will you have when you retire?

Reference no: EM132543909

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