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At the age of 35, to save for retirement, you decide to deposit $10 at the end of each month in an IRA that
At the age of 35, to save for retirement, you decide to deposit $10 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. P[(1+r)-1] A= A= nt 7-1 or a. You will have approximately $ the IRA when you retire. (Do not round until the final answer. Then round to the nearest dollar as needed.) in
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
11th edition
134141083, 978-0134141084
