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Question 4, 4.C.9
HW Score: 20%, 3 of 15 points
Points: 0.5 of 1
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Decide whether the following statement makes sense (or is clearly true) or does not make sense (or is clearly false). Explain your reasoning.
If interest rates stay at 6% APR and I continue to make my monthly $25 deposits into my retirement plan, I should have at least $20,000 saved when I
retire in 35 years.
The statement
because I will have $
(Round to the nearest cent as needed.)
in my retirement account when I retire in 35 years.
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