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OpenStudy (anonymous):
Kenneth started saving for retirement at age 40 with plans to retire at age 70. He invested an average of $400 per month in various securities, with an average annual return of 7% adjusted for inflation. Assuming monthly compounding, how much has Kenneth saved at the start of retirement? $487,988.40 $720,421.84 $37,784.31 $556,559.83
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