At age 25, someone sets up an IRA (individual retirement account) with an APR of 6%. At the end of each month he deposits $40 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. After retirement the IRA will contain $

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Question 2, 4.C.19
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After retirement the IRA will contain $
acer
HW Score: 50%, 3
of 6 points
Points: 0 of 1
At age 25, someone sets up an IRA (individual retirement account) with an APR
of 6%. At the end of each month he deposits $40 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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Sep 7
8:15 9
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Transcribed Image Text:Question 2, 4.C.19 Part 1 of 2 > After retirement the IRA will contain $ acer HW Score: 50%, 3 of 6 points Points: 0 of 1 At age 25, someone sets up an IRA (individual retirement account) with an APR of 6%. At the end of each month he deposits $40 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. Clear all Save Check answer Sep 7 8:15 9 - 0
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