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An individual Retirement Account (IRA) has $16,000 in it, and the owner decides not to add any more money to the account other than interest

An individual Retirement Account (IRA) has $16,000 in it, and the owner decides not to add any more money to the account other than interest at 3% compounded daily.How much will be in the account 35 years from now when the owner reaches retirement age?
(Round to the nearest cent.Use a 365-day year.)

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