Decide whether the following statement makes sense (or is clearly true) or does not make sense (or is clearly false). Explain your reasoning. If interest rates stay at 5% APR and I continue to make my monthly $75 deposits into my retirement plan, I should have at least $30 comma 000 saved when I retire in 30 years.
The statement ▼ __________because I will have $ _________ in my retirement account when I retire in 30 years. (Round to the nearest cent as needed.)
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