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please answer Question 24 (5 points) On 1/1/05 (day of the first payment) you started contributing to a retirement account $5,000 each year. You stopped

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Question 24 (5 points) On 1/1/05 (day of the first payment) you started contributing to a retirement account $5,000 each year. You stopped this annual contribution on 1/1/15 (day of the last payment) and kept the money in the retirement fund until 12/31/15, when you withdrew the full balance and closed the account. From 1/1/05 to 12/31/15, your retirement account has earned annual 4% compounded annually. Which of the following is (approximately) the amount you collected on 12/31/15, when you closed the account? (note: if your answer is within $300 from one of the answer choices, it's a rounding issue: select that answer. For example, if you got something like $43,950, select the answer"$43,802") $62,432 $45,554 $67,432 $70,129 $43,802 $52,000 $57,000 you withdrew the full balance and closed the account. From 1/1/05 to 12/31/15, your retirement account has earned annual 4% compounded annually. Which of the following is (approximately) the amount you collected on 12/31/15, when you closed the account? (note: if your answer is within $300 from one of the answer choices, it's a rounding issue: select that answer. For example, if you got something like $43,950, select the answer "$43,802") $62,432 $45,554 $67,432 $70,129 $43,802 $52,000 $57,000 None of the answer choices is correct, because all the answers are more than $300 away from the correct value

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