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At age 24, someone sets up an IRA (individual retirement account) with an APR of 5%. At the end of each month he deposits $55

At age 24, someone sets up an IRA (individual retirement account) with an APR of 5%. At the end of each month he deposits $55 in the account. How much will the IRA contain when he retires at age 65? Compare that amount to the total deposits made over the time period.

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