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Suppose that at age 25, you decide to save for retirement by depositing $95 at the end of every month in an IRA that pays

Suppose that at age 25, you decide to save for retirement by depositing $95 at the end of every month in an IRA that pays 4.25% compounded monthly. How much will you have from the IRA when you retire at age 65? Find the interest.

$118,696; $73,096

$120,485; $62,735

$146,390; $100,790

$119,567; $73,967

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