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of3 O ZOOM + 4) A traditional individual retirement account (IRA) is a special type of retirement account in which the money you invest is
of3 O ZOOM + 4) A traditional individual retirement account (IRA) is a special type of retirement account in which the money you invest is exempt from income taxes until you withdraw it. If you deposit $100 each month into an IRA earning 6% interest, how much will you have in the account after 20 years? (8 pts) 5) A drawer contains four red socks and six black socks. You wake up blurry-eyed one morning, open the drawer, and randomly select two socks. What is the probability both are the same color? Draw a tree diagram and use it to answer the question. (10 pts) 6) How many different ways can a tenquestion multiple-choice exam be answered if each question has three possibilities, a, b, and c? How many if no two consecutive answers are the same? (10 pts)
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