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An Individual Retirement Account (IRA) has $20,000 in it, and the owner decides not to add any more money to the account other than interest

An Individual Retirement Account (IRA) has $20,000 in it, and the owner decides not to add any more money to the account other than interest earned at 3% compounded daily. How much will be in the account 40 years from now when the owner reaches retirement age?

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