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At age 21 , someone sets up an IRA(individual retirementaccount) with an APR of 5 %. At the end of each month he deposits $
At age 21, someone sets up an IRA(individual retirementaccount) with an APR of 5%. At the end of each month he deposits $45
in the account. How much will the IRA contain when he retires at age65? Compare that amount to the total deposits made over the time period.
a. After retirement , account will have?
b. Total deposits made over time?
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