At age 21, someone sets up an IRA (individual retirement account) with an APR of 7%. At the end of each month he deposits $40 in the account. How much will the
K 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 $2520.00
(Do not round until the final answer. Then round to the nearest cent as needed.)
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