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Assume that you contribute $200 per month to a retirement plan for 15 years. Then you are able to increase the contribution to $400 per month for another 25 years. Given a 5 percent interest rate, what is the value of your retirement plan after 40 years?

$424,305.97

$24,159.95

$28,475.66

$72,479.86

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91419725

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