At age 25, Tim starts making annual deposits of $2,500 into an IRA account that pays interest
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At age 25, Tim starts making annual deposits of $2,500 into an IRA account that pays interest at an annual rate of 5% compounded continuously. Assuming that his payments are made as a continuous income flow, how much money will be in his account if he retires at age 60? At age 65?
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Related Book For
Calculus For Business, Economics And The Social And Life Sciences
ISBN: 9780073532387
11th Brief Edition
Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price
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