An Individual Retirement Account (IRA) has $20,000 in it, and the owner decides not to add any
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An Individual Retirement Account (IRA) has $20,000 in it, and the owner decides not to add any more money to the account other than interest earned at 6% compounded daily. How much will be in the account 35 years from now when the owner reaches retirement age?
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9599736 Explanations The compound interest formula can be used to calculate the ...View the full answer
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Related Book For 
College Mathematics For Business Economics, Life Sciences, And Social Sciences
ISBN: 978-0134674148
14th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
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