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Please show all work without excel! Thanks You are planning for your retirement. Beginning in one year, you will contribute the first of 20 yearly

Please show all work without excel! Thanks

You are planning for your retirement. Beginning in one year, you will contribute the first of 20 yearly dollar payments of $6,500 into your Individual Retirement Account (IRA). After these payments, no more funds will be deposited or withdrawn until this date in 2056. If your expected rate of return is 8 percent, how much will your IRA be worth in 2056?

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