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At the age of 29, to save for retirement, you decide to deposit $80 at the end of each month in an IRA that pays

At the age of 29, to save for retirement, you decide to deposit $80 at the end of each month in an IRA that pays 4.5% compounded monthly. a. Use the following formula to determine how much you will have in the IRA when you retire at age 65. A= P[(1+r)-1] or A = b. Find the interest. A nt

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