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How much will accumulate in an Individual Retirement Account ( IRA ) in 1 5 yr . s at a nominal interest rate of 8

How much will accumulate in an Individual Retirement Account

(

IRA

)

15

.

s at a

nominal interest rate of

8 % y r .

compounded quarterly and if $

500

is deposited in the

account at the end of each quarter during that time?

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