A client has been depositing $250 at the end of every month into a retirement savings account
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Question:
A client has been depositing $250 at the end of every month into a retirement savings account for the last 10 years. Based on her current income, you have recommended that she increase her end-of-month contributions to $425. How much will your client have altogether when she retires in 15 years from now if her savings earn 6% compounded quarterly during the entire 25-year period? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
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