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You decide to max-out your annual investment into your

You decide to max-out your annual investment into your Individual Retirement Account and invest $5,500 at the end of each year for the next 22 years. You are frightened by the recent two market declines in the last 12 years and decide to invest in a bond portfolio expected to earn only 4.2% annually (assume annual interest payments at the end of the year). How much will you have at the end of this investment period?

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