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You want to start saving for retirement. You currently have $7,000 set aside for retirement in...

You want to start saving for retirement. You currently have $7,000 set aside for retirement in an IRA. You want to contribute an additional $300 per month for the next 5 years (10%). Then, you believe that you can invest $1,000 per month for the next 45 years (10%). How much would you have at retirement if you would do this?

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