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At age 20 , someone sets up an IRA (individual retirement account) with an APR of 8 %. At the end of each month he

At age

someone sets up an IRA (individual retirement account) with an APR of

At the end of each month he deposits

$65

in the account. How much will the IRA contain when he retires at age 65? Compare that amount to the total deposits made over

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