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1) Mr. Humphreys has saved $12,000 over the past few years. He decides that investing it in a low risk IRA account is a better

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1) Mr. Humphreys has saved $12,000 over the past few years. He decides that investing it in a low risk IRA account is a better decision than purchasing that old Nintendo64 machine he really wanted to. His IRA investment has a 4.2% annual percentage rate (a.pr.) and compounds quarterly as it matures. How much will money will the IRA be worth at the end of 20 years

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