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3. The maximum contribution to an IRA retirement fund is $26,000. Suppose that an individual started making annual deposits of $26,000 into an IRA and

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3. The maximum contribution to an IRA retirement fund is $26,000. Suppose that an individual started making annual deposits of $26,000 into an IRA and continued to do this for 30 years. If the account earns interest at the annual rate of 7.25% compounded continuously. How much will be in the account at the end of 30 years? FV = re 3

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