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please show work It's January 2023. You committed to funding your SEP IRA. Your plan is to make regular deposits into a brokerage account that
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It's January 2023. You committed to funding your SEP IRA. Your plan is to make regular deposits into a brokerage account that will earn 12%. Your first deposit of $1000 will be made today. You further plan to make four addition deposits at the beginning of each of the next four years, and you will increase your deposits by 10% over the prior year: i.e., you deposit $1,000 at 1,$1,100 at t2, 1,210 at t3, etc. How much money will be in your account after five years? Do not include commas (,)ordollar signs ($) or decimal points Step by Step Solution
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