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Karen set up an investment account when she was 1 8 years old. She put $ 5 0 0 a month into the account for

Karen set up an investment account when she was 18 years old. She put $500 a month into the account for 12 years. This account paid an average annual rate of interest of 5.75% compounded quarterly. At the end of the 12 years, at age 30, Karen took all the money from this investment and put it into a different account that paid a fixed annual rate of 7% compounded annually as long as she did not withdraw any of the money. At what age would Karen have $1000000 in this second account?
Complete the tables and circle the value that was calculated for each table.
First Account
PV____,FV____,periods______,rate_____,Payment_____,payment/yr_____,compound pmt/yr_____
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