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(1 point) Bill makes annual deposits of $2000 to an an IRA earning 8% compounded annually for 20 years. At the end of the 20
(1 point) Bill makes annual deposits of $2000 to an an IRA earning 8% compounded annually for 20 years. At the end of the 20 years Bill retires. a) What was the value of his IRA at the end of 20 years? Answer = $ 91523.92 b) What is the largest amount Bill may withdraw annually for the next 17 years at 8 % compounded annually? Answer = $ 1567768.018
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