Question: Question 23 (0.5 points) You plan to deposit $550 each year into an IRA earning 8% interest annually. How much will you have in your

Question 23 (0.5 points) You plan to deposit $550 each year

Question 23 (0.5 points) You plan to deposit $550 each year into an IRA earning 8% interest annually. How much will you have in your account in 25 years? Your Answer: Answer Question 24 (0.5 points) You have a child who will start college in 8 years, and you plan to set aside $1,000 a year for her college education during that period. You estimate that you will earn an annual interest rate of 3% on your investment. What amount can you expect to have available for your child when they start college? Your

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