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When Jamal graduated from college recently, his parents gave him $ 1 , 4 0 0 and told him to use it wisely. Jamal decided
When Jamal graduated from college recently, his parents gave him $ and told him to use it wisely. Jamal decided to use the money to start a retirement account. After doing some research about different options, he put the entire amount into a taxdeferred IRA that pays percent interest, compounded annually. Calculate how much money Jamal will have in his IRA at the end of years, assuming that the interest rate remains the same and that he does not deposit any additional money. Use Exhibit A Exhibit B Exhibit C Exhibit D
Note: Use oppropriate factors from the tables provided. Round time value factor to decimal places and answer to decimal places.
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