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Points: 0 of 4 Save At age 20, to save for retirement, Rebecca decides to deposit $50 at the end of each month in an

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Points: 0 of 4 Save At age 20, to save for retirement, Rebecca decides to deposit $50 at the end of each month in an IRA that pays 6.7% compounded monthly. Use the formula for the value of an annuity. + a. How much will she have from the IRA when she retires at age 65? A= b. Find the interest. a. How much money will be in the IRA when Rebecca retires? (Do not round until the final answer. Then round to the nearest dollar as needed.)

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