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Assume that you contribute 190 per month to a retirement

Future Value of Multiple Annuities

Assume that you contribute $190 per month to a retirement plan for 20 years. Then you are able to increase the contribution to $290 per month for another 20 years. Given a 10.5 percent interest rate, what is the value of your retirement plan after 40 years?

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Finance Basics: Assume that you contribute 190 per month to a retirement

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