Jane has just graduated from college and is starting her first job. She decides to start investing
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Jane has just graduated from college and is starting her first job. She decides to start investing in a retirement account right away to take advantage of the power of compound interest. She plans to invest $500 per month into a Roth IRA account, which earns an annual interest rate of 6%. Assuming she will retire in 40 years, how much money will she have saved in her Roth IRA account by the time she retires?
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