In Exercises 5455, use the formula for the value of an annuity and round to the nearest

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In Exercises 54–55, use the formula for the value of an annuity and round to the nearest dollar.

To save for retirement, you decide to deposit $100 at the end of each month in an IRA that pays 5.5% compounded monthly.

a. How much will you have from the IRA after 30 years?

b. Find the interest.

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College Algebra

ISBN: 9780134453262

7th Edition

Authors: Robert F Blitzer

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Question Posted: Jun 21, 2023 08:20 AM

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In Exercises 5455, use the formula for the value of an annuity and round to the nearest

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College Algebra

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