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Suppose a 40-year-old person deposits $8,000 per year in an Individual Retirement Account until age 65. Find the total in the account with the
Suppose a 40-year-old person deposits $8,000 per year in an Individual Retirement Account until age 65. Find the total in the account with the following assumption of an interest rate. (Assume quarterly compounding, with payments of $2,000 made at the end of each quarter period) Find the total amount of interest earned 6% The total in the account is $
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Essential University Physics
Authors: Richard Wolfson
2nd Edition
0321706692, 978-0321706690
