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Suppose that you save for retirement by contributing the

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Reference no: EM13628008

Suppose that you save for retirement by contributing the same amount each month from your 25th birthday until your 65th birthday, in an account that pays a steady 6% annual interest, compounded monthly.

How much will be in your fund at age 65, if you save $100 per month?

Reference no: EM13628008

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