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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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