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An Individual Retirement Account (IRA) has $11,000 in it, and the owner decides not to add any more money to the account other than interest

An Individual Retirement Account (IRA) has

$11,000

in it, and the owner decides not to add any more money to the account other than interest earned at

5%

compounded daily. How much will be in the account

37

years from now when the owner reaches retirement age?

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Part 1

There will be

$enter your response here

in the account.

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