## Math Problem Statement

## Solution

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## Math Problem Analysis

### Mathematical Concepts

Compound Interest

Annuities

Financial Mathematics

### Formulas

Future Value of a Series: FV = P × [(1 + r/n)^(nt) - 1] / (r/n)

Interest Earned: Interest = FV - Total contributions

### Theorems

Compound Interest Theorem

### Suitable Grade Level

College Level or Advanced High School (Grades 11-12)

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