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16. The future value of income over a period of ti years, where the growth rate is r compounded continuously is given by: ertiff(t) ert

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16. The future value of income over a period of ti years, where the growth rate is r compounded continuously is given by: ertiff(t) ert at If you begin an IRA at age 20 (t = 0) putting $500 in every year, what is the future value of this account when you turn 65 if your average gain per year is 5%

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