A leading financial publication reported that the average baby boomer credit user will pay approximately $1,200 in

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A leading financial publication reported that the average baby boomer credit user will pay approximately $1,200 in interest annually. If, instead of paying interest, this amount was saved every year, how much would one of these credit users accumulate in a tax-deferred account earning 8 percent over 10, 15, or 20 years?

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