Hal Thomas, a 30-year-old college graduate, wishes to retire at age 60. To supplement other sources of
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Hal Thomas, a
30-year-old college graduate, wishes to retire at age 60.
To supplement other sources of retirement income, he can deposit $2,100 each year into a tax-deferred individual retirement arrangement (IRA). The IRA will earn a return of 14% over the next 30
years.
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