Intermediate Algebra
Intermediate Algebra
19th Edition
ISBN: 9780998625720
Author: Lynn Marecek
Publisher: OpenStax College
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Question
At age
23​,
someone sets up an IRA​ (individual retirement​ account) with an APR of
7​%.
At the end of each month he deposits
​$20
in the account. How much will the IRA contain when he retires at age​ 65? Compare that amount to the total deposits made over the time period.
 
 
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