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you are saving for retirement by opening a Roth IRA account. Based on your situation, you believe you can make deposits of $4 25 every
you are saving for retirement by opening a Roth IRA account. Based on your situation, you believe you can make deposits of $4 25 every month. You assume and in annual interest rate of 10.6%, which is compounded monthly. You will make each deposit at the end of the month.
A. How large will your retirement account be in 31 years?
B. What formula would you use to solve problem a?
C. What interest did you use for your calculation to solve a?
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