A new engineer is considering investing in anindividual

Chapter , Problem 9-21

(choose chapter or problem)

A new engineer is considering investing in anindividual retirement account (IRA) with a mutualfund that hasan average annualreturn of 10%.Whatis the future worth of her IRA at age 65 if she makesannual investments of $2000 into the fund begin-ning on her 25thbirthday? Assume that the fundcontinues to earn an annual return of 10%.

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