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16.) Suppose you open an IRA with 1 point your first contribution from your previous account (minus the company contribution) as your opening balance.
16.) Suppose you open an IRA with 1 point your first contribution from your previous account (minus the company contribution) as your opening balance. The account has an interest rate of 6%, compounded monthly. Assuming you retire at 65, and assuming you contribute the same amount each month, how much will you have in your account when you retire? Your answer
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Finance for Non Financial Managers
Authors: Pierre Bergeron
7th edition
176530835, 978-0176530839
