Question: A couple thinking about retirement decide to put aside $ 3 , 0 0 0 each year in a savings plan that earns 8 %

A couple thinking about retirement decide to put aside $3,000 each year in a savings plan that earns 8% interest. In 5 years they will receive a gift of $10,000 that also can be invested.
How much money will they have accumulated 30 years from now?

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