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To supplement your planned retirement

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To supplement your planned retirement in exactly 40 years, you estimate that you need to accumulate $220,000 by the end of 40 years from today. You plan to make equal annual end-of-year deposits into an account paying 8% annual interest. If you can afford to deposit only $750 per year into the account, how much will you have accumulated by the end of the 40th year?

Reference no: EM133305651

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