You earn $5,000 a month. After taxes, social security contributions, and living expenses you have $200 per month that you can and will save. What is the future value of $200 saved every month for 30 years if the annual rate is of return is 6%. We are looking for the value of your savings 30 years from the time you stated saving.
Do not include the $ sign in your answer. Your answer must be in the format, 883,650.
NO dollar sign.
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