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Future value of multiple annuities assume that you

Future Value of Multiple Annuities Assume that you contribute $110 per month to a retirement plan for 20 years. Then you are able to increase the contribution to $210 per month for another 20 years. Given a 6.5 percent interest rate, what is the value of your retirement plan after 40 years?

a) $251,198

b) $125,476

c) $300,240

d) $124,800

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