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Future Value of Multiple Annuities

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Future Value of Multiple Annuities
Assume that you contribute $270 per month to a retirement plan for 20 years. Then you are able to increase the contribution to $370 per month for another 20 years. Given a 9.5 percent interest rate, what is the value of your retirement plan after 40 years?

$1,538,991 $1,467,799 $201,600 $203,196

 
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