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If you invested $5,000/yr for 40 years in an IRA, what is the difference between investing at the end of the year as compared to

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If you invested $5,000/yr for 40 years in an IRA, what is the difference between investing at the end of the year as compared to the beginning? (evaluate the FV) Assume 8% return on investment. Multiple Choice $1,295,282 $103,623 $1,403,905 $108,623

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