Question: Chuck Russo, a high school math teacher, wants to set up an IRA account into which he will deposit $ 2,000 per year. He plans

Chuck Russo, a high school math teacher, wants to set up an IRA account into which he will deposit $ 2,000 per year. He plans to teach for 20 more years and then retire.
Required:
If the interest on his account is 7 percent compounded annually, how much will be in his account when he retires?

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