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4. You have recently opened a retirement account and decided to deposit $5,000 a year in the account. If you want to retire in 30
4. You have recently opened a retirement account and decided to deposit $5,000 a year in the account. If you want to retire in 30 years and the account earns 6 percent interest, how much will he have in your account when you retire? 5. You recently received a birthday gift of $1,500 and you decide to save it for later use. If you deposit it into an investment account that pays 8% interest, how much will be in the account in 6 years? please explain. thank you
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