### Suppose you plan to retire in 40 years if you make 10

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Suppose you plan to retire in 40 years. If you make 10 annual investments of \$ 1,000 into your retirement account for the first 10 years, and no more contributions to the account for the remaining 30 years. If the retirement account earns a fixed 7% annual interest, how much will you have at your retirement?

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