credit cards

Javier is currently paying ​$1,200 in interest on his credit cards annually.​ If, instead of paying​ interest, he saved this amount every​ year, how much would he accumulate in a​ tax-deferred account earning 12 percent over 10​, 15​, or 20​years? If, instead of paying​ interest, this amount was saved every year in a​ tax-deferred account earning 12 percent over 10 ​years,  the amount accumulated would be ​$____?

 
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