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HW21: Problem 1 Previous Problem Problem List Next Problem (1 point) Bill makes annual deposits of $1500 to an an IRA earning 4% compounded annually
HW21: Problem 1 Previous Problem Problem List Next Problem (1 point) Bill makes annual deposits of $1500 to an an IRA earning 4% compounded annually for 18 years. At the end of the 18 years Bill retires. a) What was the value of his IRA at the end of 18 years? Answer b) What is the largest amount Bill may withdraw annually for the next 21 years at 4 % compounded annually? Answer$
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