Question: In Exercise 5, how long will it take Patricia to accumulate $30,000 in her retirement account?. Exercise 5 Patricia deposits $5000 in an IRA at

In Exercise 5, how long will it take Patricia to accumulate $30,000 in her retirement account?.

Exercise 5

Patricia deposits $5000 in an IRA at 6% interest compounded continuously for her retirement in 10 years. She intends to make continuous deposits at the rate of $3000 a year until she retires. How much will she have accumulated at that time?

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