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You decide to open an IRS approved retirement account at your local brokerage firm. Your best estimate is that it will earn 14%. At the
You decide to open an IRS approved retirement account at your local brokerage firm. Your best estimate is that it will earn 14\%. At the end of each year for the next 21 years, you will deposit $4,800 per year into the account ( 21 total deposits). Three years after the last deposit, you will begin making annual withdrawals. How much money is in the account one year before the first withdrawal? \$
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