Assume that you contribute 380 per month to a retirement, Finance Basics

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Assume that you contribute 380 per month to a retirement

Question: Assume that you contribute $380 per month to a retirement plan for 20 years. Then you are able to increase the contribution to $760 per month for another 30 years. Given a 7 percent interest rate, what is the value of your retirement plan after the 50 years? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Future value of multiple annuities $

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Finance Basics: Assume that you contribute 380 per month to a retirement

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