Your financial planner, Frank Vasil, CFP®, advised you to start saving early in life for your retirement because of the power of compounding. He indicated that if you were to invest $3,000 at the beginning of every year from your cash bonus that you could èpect an average retun of 12%, compounded monthly. If you were to retire in 30 years from now, how much would you have saved by then (approximately?

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