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Suppose you open an IRA (individual retirement account) and invest $3,000 a year. The money will be in the fund for 25 years and earn
Suppose you open an IRA (individual retirement account) and invest $3,000 a year. The money will be in the fund for 25 years and earn 5 percent annually. Assuming m = 1, how much would be in the account if payments were made at the end of each period? (Ignore the dollar sign in your answer due to Canvas, just place the number.)
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