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Instructions: Answer the following. Be sure to completely show your work for all key steps. If you do not show your work, you will not
Instructions: Answer the following. Be sure to completely show your work for all key steps. If you do not show your work, you will not receive any credit for this problem. For this quiz, I DO NEED a number at the end. Earl begins working full time in January 2009 and immediately opens an IRA. He deposits $5000 into his account at the end of each year for twelve years. After that he makes no more deposits. How much money will Earl have in his account when he retires in January 2057? Assume 6% compounded annually
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