At age 21, someone sets up an IRA (individual retirement account) with an APR of 6%. At
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Question:
At age 21, someone sets up an IRA (individual retirement account) with an APR of 6%. At the end of each month he deposits $45 in the account. How much will the IRA contain when he retires at age 65? Compare that amount to the total deposits made over the time period.
Related Book For
College Algebra
ISBN: 978-0134697024
12th edition
Authors: Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels
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