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Future Value of Multiple Annuities Assume that you contribute $280 per month to a retirement...

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Finance

Future Value of Multiple Annuities Assume that you contribute $280 per month to a retirement plan for 20 years. Then you are able to increase the contribution to $380 per month for another 20 years. Given a 10.0 percent interest rate, what is the value of your retirement plan after 40 years?

A). $1,770,742

B). $206,400

C). $1,846,679

D). $208,120

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