Question: Raul is a saver he sets aside $100 per month during his career of 40 years to prepare for retirement.he does not like the idea

Raul is a saver he sets aside $100 per month during his career of 40 years to prepare for retirement.he does not like the idea of investing because he prefers to minimize his risk as much as possible, so he puts his money in a savings account which earns 1.5% interest per year.

What is the total balance in the account after 40 years?

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