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; When Josie left her old job at age 47, she transferred $62,000 into an IRA account at the credit union of her new employer.

; When Josie left her old job at age 47, she transferred $62,000 into an IRA account at the credit union of her new employer. The money has been invested there for the last 18 years, and now Josie is ready to retire. Her account has been earning 6% interest, compounded quarterly during the entire time. How much money can Josie take out in a lump-sum right now?

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