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You are planning for your retirement. Beginning today you will contribute the first of 20 yearly after-tax dollar payments of $6,500 into your Roth Individual

You are planning for your retirement. Beginning today you will contribute the first of 20 yearly after-tax dollar payments of $6,500 into your Roth Individual Retirement Account (IRA). After these payments, no more funds will be deposited or withdrawn until 2055. If your expected rate of return is 8 percent, how much will your Roth IRA be worth in 2055? Show your work below.

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