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Sally has two IRAs. IRA #1 earns interest at 5% effective annually and IRA #2 earns interest at 12% effective annually. She has not made
Sally has two IRAs. IRA #1 earns interest at 5% effective annually and
IRA #2 earns interest at 12% effective annually. She has not made any
contributions since January 1, 1999, when the amount in IRA #1 was twice
the amount in IRA #2. The sum of the two accounts on January 1, 1993
was $95,000. Determine how much was in IRA #2 on January 1, 1985.
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