Immediately after making his last deposit

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Reference no: EM131813820

Bob, proprietor of Bob's Burgers, would like to retire in 20 years. He plans to deposit $6500 at the end of each year for the next 20 years into an account expected to earn 7.5% compounded annually. How much will Bob have in his retirement account in 20 years immediately after making his last deposit? Round your answer to the nearest dollar.

Reference no: EM131813820

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