At age 25, to save for retirement, you decide to deposit

Chapter 14, Problem 14.1.305

(choose chapter or problem)

At age 25, to save for retirement, you decide to deposit $50 at the end of each month in an IRA that pays 5.5% compounded monthly. a. How much will you have from the IRA when you retire at age 65? b. Find the interest.

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