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1A) if an individual places $3000 per year into an individual retirement account beginning at age 25, how much cash will have accumulated by age

1A) if an individual places $3000 per year into an individual retirement account beginning at age 25, how much cash will have accumulated by age 65 if 10 % interest is earned each year?

1B) How much income per year will be generated by this sum of money if a 25 year annuity is purchased at age 65 which earns 5% interest?

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