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Related to The Business of Life: Saving for Retirement) (Future value of an ordinary annuity) You are graduating from college at the end of this

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Related to The Business of Life: Saving for Retirement) (Future value of an ordinary annuity) You are graduating from college at the end of this semester and after reading the The Business of Life box in this chapter, you have decided to invest $5,000 at the end of each year into a Roth IRA for the next 45 years. If you eam 8 percent compounded annually on your investment, how much will you have when you retire in 45 years? How much will you have if you wait 10 years before beginning to save and only make 35 payments into your retirement account? How much will you have when you retire in 45 years? (Round to the nearest cent.) (Round to the nearest en on rgy d up Enter your answer in the answer box and then click Check Answer chc viron e was part remaining

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