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To save for retirement, Joe, at age 35, decides to place $2000 into an IRA (Individual Retirement Account) each year for the next 30 years.

To save for retirement, Joe, at age 35, decides to place $2000 into an IRA (Individual Retirement Account) each year for the next 30 years. What value will that account have after the 30th deposit, if the account pays 4% interest annually and is compounded once a year?

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