Question: Javier is currently paying $ 1 , 2 0 0 in interest on his credit cards annually. If , instead of paying interest, he saved

Javier is currently paying $1,200 in interest on his credit cards annually. If, instead of paying interest, he saved this amount every year, how much would he accumulate in a tax-deferred account earning 11 percent over 12,17, or 22years?

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