Question: Additional Materials eBook _/33.34 points) DETAILS TEAFM2 F.3.018 MY NOTES PRACTICE ANOTHE An individual ears an extra $1000 each year and places this money at
Additional Materials eBook _/33.34 points) DETAILS TEAFM2 F.3.018 MY NOTES PRACTICE ANOTHE An individual ears an extra $1000 each year and places this money at the end of each year into an Individual Retirement Account (TRA) in which both the original earnings and the Interest in the account are not subject to taxation. If the account has an annual interest rate of 8% compounded annually, how much is in the account at the end of years? (Round your answer to the nearest cent) Additional Materials .Book 3. [-133 34 Points) DETAILS TEAFM2 F 3.018 MY NOTES PRACTICE ANOTHER An individual carns an extra $1000 each year and places this money at the end of each year into an Individual Retirement Account (TRA) in which both the original earnings and the interest in the account are not subject to taxation. If the account has an annual interest rate of compounded annually, how much is in the account at the end of 40 years? (Round your answer to the nearest cent) $ Additional Materials Book
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