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Ally Gator has an IRA with a current balance of $12,500. Ally plans to continue depositing $8,000 annually into this account which earns 7%. After

Ally Gator has an IRA with a current balance of $12,500. Ally plans to continue depositing $8,000 annually into this account which earns 7%. After 45 years, what will the balance of Ally's IRA be? $2,348,325 $2,448,425 $2,548,525 $2,648,625

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