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at age 2 0 someone sets up an IRA with an APR of 5 % . at the end of each month he deposits $

at age

20

someone sets up an IRA with an APR of

5 % .

at the end of each month he deposits $

100

in the account. how much will the ira contain when he retires at

65 ?

compare that amount to the total deposit made over the time period. after retirement what will the ira contain?

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