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Internal Revenue Service (IRS) allows you to save $2000/year on a pre-tax basis in your IRA account tax free. If you invested this amount each
Internal Revenue Service (IRS) allows you to save $2000/year on a pre-tax basis in your IRA account tax free. If you invested this amount each year for 25 years in a mutual fund that returns 6% per year on your investment, calculate the total present value of your contributions. What would the balance in your account after 25 years?
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