Starting on his 21st birthday, and continuing on every birthday up to and including his 65th, John

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Starting on his 21st birthday, and continuing on every birthday up to and including his 65th, John deposits $2,000 a year into an IRA. How much (to the nearest dollar) will be in the account on John’s 65th birthday, if the account earns:

(A) 7% compounded annually?

(B) 11% compounded annually?

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College Mathematics For Business Economics, Life Sciences, And Social Sciences

ISBN: 978-0134674148

14th Edition

Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker

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Question Posted: Mar 22, 2022 12:44 AM

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Starting on his 21st birthday, and continuing on every birthday up to and including his 65th, John

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College Mathematics For Business Economics, Life Sciences, And Social Sciences

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