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Chapter 6, Section 6.5, Question 007c On January 1, Bob decides to place $500 at the end of each quarter into a Roth Individual Retirement

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Chapter 6, Section 6.5, Question 007c On January 1, Bob decides to place $500 at the end of each quarter into a Roth Individual Retirement Account. The rate of return is assumed to be 4% per annum compounded quarterly. What will be the value of the account in 20 years when Bob retires? The value of the account will be A = $ the tolerance is +/-1%

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