At age 18, Marcia started depositing $2000 per year at the end of each year into an account earning 12% annually. She did this for 8 years and then stopped. After that, she left the money in the account and it continued earning 12% interest compounded annually. How much money did she have at age 65?

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A: solution A= R(1+i)n+1/i R= Contribution half year=$425 n= number of periods=48 years - 33 years =15…

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