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Bill makes annual deposits of $1000 to an IRA earning 8% compounded annually for 10 years. At the end of the 10 years Bill
Bill makes annual deposits of $1000 to an IRA earning 8% compounded annually for 10 years. At the end of the 10 years Bill retires. a) What was the value of Bill's IRA at the end of 10 years? Value of IRA = $ b) What is the largest amount Bill may withdraw annually for the next 23 years at 8% compounded annually? Payment = $
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