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David, age 39, is starting his traditional IRA contributions immediately. He will invest $4,000 at the beginning of eachyear for the next 20 years. Assuming
David, age 39, is starting his traditional IRA contributions immediately. He will invest $4,000 at the beginning of eachyear for the next 20 years. Assuming he earns 7.5% compounded annually on these funds, how much will David havein his IRA after the 20 years? A. $186,210 B. $184,392 C. $68,464 D. $173,219
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
