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You annually Invest $1,500 in an individual retirement account (IRA) starting at the age of 30 and make the contributions for 15 years. Your twin
You annually Invest $1,500 in an individual retirement account (IRA) starting at the age of 30 and make the contributions for 15 years. Your twin sister does the o same starting at age 40 and makes the contributions for 20 years. Both of you earn 7 percent annually on your investment. What amounts will you and your sister have at age 60? Use Appendix A and Appendix C to answer the question. Round your answers the nearest dollar Amount on your account: $ Amount on your sister's account: $ Who has the larger amount at Uge 60? -Select- the larger amount. O O O O
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