USE FUTURE VALUE AND PRESENT VALUE TABLES TO APPLY COMPOUND INTEREST TO ACCOUNTING TRANSACTIONS Curtis, a high

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USE FUTURE VALUE AND PRESENT VALUE TABLES TO APPLY COMPOUND INTEREST TO ACCOUNTING TRANSACTIONS Curtis, a high school math teacher, wants to set up an IRA account into which he will deposit $2,000 per year. He plans to teach for 20 more years and then retire.

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If the interest on his account is 7 percent compounded annually, how much will be in his account when he retires?

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Asim farooq

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