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OpenStudy (anonymous):
When he was 30, Kearney began investing $200 per month in various securities for his retirement savings. His investments averaged a 5.5% annual rate of return until he retired at age 68. What was the value of Kearney’s retirement savings when he retired? Assume monthly compounding of interest. $182,722.38 $307,479.35 $351,115.71 $1,537.40
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