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How much will you have when you retire

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Question - You have just started a new job and plan to save $5,250 per year for 35 years until you retire. How much will you have when you retire if you earn an annual interest rate of 9.47 percent?

A. $1,146,392.60

B. $1,203,299.29

C. $1,205,414.42

D. $1,216,750.60

E. $1,260,205.98

Reference no: EM132847184

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