By the end of each year you contribute an equal amount of, Financial Management

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By the end of each year you contribute an equal amount of

By the end of each year, you contribute an equal amount of $3,000 to your retirement fund portfolio, which on average earns an annual return of 12.5% in the financial market. Such annual contributions continue until your retirement.

(a) 30 years later you retire, how much money do you have in your portfolio by then?

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