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You will save $200 a month until you retire in 40 years. Your parents added $10000 in your account today to jump start it. How much will you have in 40 years? (monthly r=0.4% )
=FV(0.4%,480,200,10000)
$289744.28
=FV(0.04,480,200,10000)
=FV(0.004,40,200,10000
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