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At the age of 35, to save for retirement, you decide to deposit $80 at the end of each month in an IRA that pays

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At the age of 35, to save for retirement, you decide to deposit $80 at the end of each month in an IRA that pays 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 = or r nt P 1+ 1 A= b. Find the interest

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