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2. You plan on retiring in 30 years and believe it is time to start making annual contributions to a retirement account. (a) How

2. You plan on retiring in 30 years and believe it is time to start making annual contributions to a retirement account. (a) How much will you have in your retirement account if you deposit $3500 each year in a retirement fund that will pay you 5.5% per year? (b) How much will you have if that 5.5% annual interest rate is paid on in monthly payments?

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