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A self-employed person deposits $4,000 annually in a retirement account (Called a Keogh or H.R. 10 plan) that earns 8 percent. Use Appendix A and

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A self-employed person deposits $4,000 annually in a retirement account (Called a Keogh or H.R. 10 plan) that earns 8 percent. Use Appendix A and Appendix C to answer the questions. Round your answers to the nearest dollar: a. How much will be in the account when the individual retires at the age of 65 if the savings program starts when the person is age 50 ? b. How much additional money wit be in the account if the saver defers retirement until age 70 and continues the contributions? 5 c. How much additional money will be in the account if the saver discontinues the contributions at age 65 but does not retire untal age 70

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