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Bill makes annual deposits of $1700 to an an IRA earning 4% compounded annually for 20 years. At the end of the 20 years Bill
Bill makes annual deposits of $1700 to an an IRA earning 4% compounded annually for 20 years. At the end of the 20 years Bill retires. a) What was the value of his IRA at the end of 20 years? Answer = $ b) What is the largest amount Bill may withdraw annually for the next 25 years at 4 % compounded annually? Answer = $
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