Future value of an ordinary annuity: Cecelia Thomas is a sales executive at a Baltimore firm. She

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Future value of an ordinary annuity: Cecelia Thomas is a sales executive at a Baltimore firm. She is 25 years old and plans to invest $3,000 every year in an IRA account, beginning at the end of this year, until she reaches age 65. If the IRA investment will earn 9.75 percent annually, how much will she have in 40 years, when she turns 65?

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