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Evan will earn $100,000 next year. His salary will grow at an annual rate of 5.0%. He saves 10% of his salary and invests it

Evan will earn $100,000 next year. His salary will grow at an annual rate of 5.0%. He saves 10% of his salary and invests it in an IRA earning 8%. What will be Evan’s IRA value at the end of year 25?

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