Consider a retirement savings account where the monthly contribution is $125 for the first 25 years, is
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Question:
Consider a retirement savings account where the monthly contribution is $125 for the first 25 years, is increased to $230 for the next 20 years, and then is increased once again to $475 for the last 5 years. The APR is always 6.3 % compounded monthly. What is the value of the account at the end of 50 years?
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