At age 18, someone sets up an IRA (individual retirement account) with an APR of 6%. At the end of each month he doposits s20 in ine acoost How much wit ind IRA contain when he retires at age 65 ? Compare that amount to the total deposits made ower the fime period. After retirement the IRA will contains (Do not round until the final answer. Then round to the nearest cent as needed) The total deposits made over the time period is s (Type a whole number.) Decide whether the following statement makes sense (or is clearly true) or does not make sense (or is clearly false) Explain your reasoning I had a choice between a fixed rate mortgage at 6% and an adjustable rate mortgage that started at 3% for the first year with a maximum increase of 1.5 porcentago points a year. I took the adiustable rate, because l'm planning to move within three years. Choose the correct answer below