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Question #41 [5 points). Delores has an investment account (Account #1) with a current balance of $160,000. Delores plans to contribute approximately $1,550 to the

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Question #41 [5 points). Delores has an investment account (Account #1) with a current balance of $160,000. Delores plans to contribute approximately $1,550 to the account each month until she retires. The account has averaged a return of about 9.25% (APR). compounded monthly, and that is expected to continue. Delores also has an IRA (Account #2). It has a current balance of $32,800. She plans to contribute an additional $5,000 to that account each year until she retires. The IRA has averaged a return of about 5.50% annually, compounded annually, and this is also expected to continue. Delores plans to retire in about 28 years. (a) What will be the balance in Account #1 when Delores retires? (2 points) (b) What will be the balance in the IRA (Account #2) when Delores retires? (2 points) (c) How much will Delores have in total when she retires if she combines the balances of both accounts into one (1) account? (1 point)

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