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Bob makes his first $1,100 deposit into an IRA earning 6.8% compounded annually on his 24th birthday and his last $1,100 on his 44th birthday.
Bob makes his first $1,100 deposit into an IRA earning 6.8% compounded annually on his 24th birthday and his last $1,100 on his 44th birthday. With no additional deposits, the money in the IRA continues to earn 6.8% interest compounded annually until Bob retires on his 65th birthday. How much is in the IRA when Bob retires
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Elements Of Structured Finance
Authors: Ann Rutledge, Sylvain Raynes
1st Edition
0195179986, 978-0195179989
