Question: Ruby is 2 5 and has a good job at a company. She currently is $ 1 0 , 0 0 0 in an IRA.

Ruby is 25 and has a good job at a company. She currently is $10,000 in an IRA. She believes her IRA will grow at an annual rate of 8% and she plans to leave it untouched and she retires at age 65. How much will Ruby's IRA be worth when she needs to start withdrawing money from it when she retires?

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