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$____________3. Your father wishes to retire in 27 years. If he can invest $2,000 per year into an Individual Retirement Account (IRA) how much will

$____________3. Your father wishes to retire in 27 years. If he can invest $2,000 per year into an Individual Retirement Account (IRA) how much will he have in this account when he retires if the money accumulates at an annual interest rate of 7.5% compounded annually?

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