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Question 1 1 p You invest $400 per month in an Individual Retirement Account (IRA) that pays 3.5% annually, compounded monthly. After paying in for

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Question 1 1 p You invest $400 per month in an Individual Retirement Account (IRA) that pays 3.5% annually, compounded monthly. After paying in for 10 years, you increase your contribution to $500 per month. What would be the balance of your account after 20 years (10 years paying in $400 and 10 years paying in $500)? You make no withdrawals during the 20 year period

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