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Jim opens an IRA that earns 8 . 3 5 % compounded annually with a $ 1 4 0 0 deposit on his 1 8

Jim opens an IRA that earns 8.35% compounded annually with a $1400 deposit on his 18th birthday. Jim continues to deposit $1400 into the IRA on each birthday and makes his last deposit on his 65th birthday. What is his IRA worth on his 65th birthday? If no more deposits are made, what equal annual withdrawals can Jim make each year starting on his 66th birthday and the last withdrawal on his 90th birthday so that the IRA has a zero balance on his 90thbirthday? How much interest does this IRA earn?

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