In Exercises 5152, use the formula for the value of an annuity and round to the nearest

Chapter 0, Problem 52

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In Exercises 5152, use the formula for the value of an annuity and round to the nearest dollar.To save for retirement, you decide to deposit $100 at theend of each month in an IRA that pays 5.5% compoundedmonthly. a. How much will you have from the IRA after30 years? b. Find the interest.

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