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At age 24, someone sets up an IRA (individual retirement account) with an APR of 4%. At the end of each month he deposits $30
At age 24, someone sets up an IRA (individual retirement account) with an APR of 4%. At the end of each month he deposits $30 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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Cases In Financial Management
Authors: I.M. Pandey
3rd Edition
0071333428, 978-0071333429
