Question: 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

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 5% APR and I continue to make my monthly

$75 deposits into my retirement plan, I should have at least 20,000 saved when I retire in 25 years.

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